19 trades, 85 seconds: How to play Alibaba

How to play Alibaba: 19 trades, 85 seconds
19 trades, 85 seconds: How to play Alibaba   

Alibaba stock popped 4 percent Monday as China's Singles' Day promised a blockbuster boost to its bottom line.

RiskReversal's Dan Nathan noted that Alibaba stock had appreciated about 40 percent in the past few weeks.

"I think this is actually a well-telegraphed thing," he said. "I think you'll probably see this stock below $115 over the next couple of days."

Read MoreAlibaba stock headed to $150: Pro

Karen Finerman of Metropolitan Capital Advisors said she holds a one-quarter position in the stock.

"I could've come in a little bit … but I wouldn't trade out of it right now because I think the chance of my being able to pick when get back in is slim, just going to hang on," she said. "If it does come in a fair amount, south of $110, then I'll buy more."

Private Advisor Group's Guy Adami played Alibaba via Yahoo shares.

"Now the problem with Yahoo is … they really have to do something off the charts, otherwise this stock could be in trouble at these levels," he said.

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