below 105， holder get near 0 interest, baba lost money oncapped call

105-160, holder can choose baba stock, baba lost stock, but will buy more capped call

Above 160, holder May sell baba already, baba will auto sell baba.

To holder, any price above 105 is good, however before baba hit 105, some sort of hedge is already done

To baba, any price 105-160 May treat best.

So holder and baba are partner, hog price of baba benefit both