---
title: "Spotted a huge block trade for$BABA-W(9988.HK) this afternoon - 390k shares at HKD 154.6, a 2.5% dis"
description: "Spotted a huge block trade for$BABA-W(9988.HK) this afternoon - 390k shares at HKD 154.6, a 2.5% discount. Around HKD 60 mil. Not auto-matched. Meanwhile, $Alibaba(BABA.US)  options went crazy yesterd"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/100000000470245.md"
published_at: "2026-02-13T07:56:31.000Z"
author: "[joker2018～11](https://longbridge.com/en/profiles/16656324)"
---

# Spotted a huge block trade for$BABA-W(9988.HK) this afternoon - 390k shares at HKD 154.6, a 2.5% dis

Spotted a huge block trade for$BABA-W(9988.HK) this afternoon - 390k shares at HKD 154.6, a 2.5% discount. Around HKD 60 mil. Not auto-matched. Meanwhile, $Alibaba(BABA.US) options went crazy yesterday, some puts surged 2799% on a 3% drop. Big money moving or just hedging? What's the smart money seeing that we don't? 🧐

### Related Stocks

- [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md)
- [89988.HK - BABA-WR](https://longbridge.com/en/quote/89988.HK.md)
- [BABA.US - Alibaba](https://longbridge.com/en/quote/BABA.US.md)
- [HBBD.SG - Alibaba HK SDR 5to1](https://longbridge.com/en/quote/HBBD.SG.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.