Short Spec: Alibaba

Internaitonal Business Times: China CCP to Nationalize Jack Ma's Alibaba and Ant Group - Report

Could be bullshit, but lets go to the chart.

I highly doubt the government would pay the market price in a nationalization. Whatever they offer, if anything, is what you get. They'll also probably hit the company with massive fines or crimes such that they can knock the price down.

No opinion on this happening, in fact I'm a skeptical of the claim. Out of the money put looks like the best way to play. I don't think it would happen before Spring Festival, so a March put would be the earliest. I'd wait to time it as close to the news as possible unless I was generally bearish on tech shares.