Power Plays Options Weekly Roundup
January 24, 2025
By Scott Redler
It was a strong week for the market after the MLK holiday and Inauguration day.
We’ve been in a great active bull sequence since the CPI gap and go last Wednesday.
SPX remains in all-time highs territory and on track for the second big weekly gain in a row.
Next week is a big one with the FOMC and Mag7 earnings.
My focus has been on META for an earnings play.
MSFT, TSLA, and AMZN all reporting next week as well.
Now let's go over our names:
AMZN February 14 $235 Calls: Amazon remains one of the stronger Mag7 names. I bet this would be the first one to hit a new all-time high and it did today. We’ve sold half our calls but holding onto the rest.
AVGO January 24 $250 Calls: We didn’t get a bounce on these calls this week. These will expire worthless today.
Have a good weekend, and be careful out there!
—Scott
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