Previous close | 6.70 |
Open | 7.35 |
Bid | 7.30 |
Ask | 7.50 |
Strike | 120.00 |
Expiry date | 2023-03-17 |
Day's range | 7.35 - 8.15 |
Contract range | N/A |
Volume | |
Open interest | 4.17k |
Inflation data is coming in better than expected and the Street had some positive sentiment on Alibaba.
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NEW YORK (Reuters) -SoftBank Group Corp is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding from 23.7% to 14.6%. But the Japanese conglomerate will not sell its shares directly in the market. It is using a complex security called "prepaid forward contracts," which is a derivative largely used by investors.