Power Plays New Idea: GEV Calls + IBIT Exit
December 20, 2024
By Scott Redler
First, we'll take off the second half of the IBIT 12/27 $58 x $61 Call Spread. I doubt IBIT can rally enough by Friday's expiration to make holding on worth it. Thankfully, we did well on the first half.
Next, I'm adding the following idea on GE Vernova (GEV):
- Long GEV 1/10 $365 Call
These calls look good between $4.65 and $5.35.
Power grid names are still in play as a secondary AI theme (AI uses tons of power) and GEV is a clear leader in the space.
Stay safe out there.
-Scott
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