This will be the final Power Plays Weekly Roundup of 2024.

So I want to make one thing clear. If you haven't done as well as you wanted in 2024, now is not the time to be a hero and "save" your P&L.

This is especially dangerous with options. Many traders think they are just one big trade away from getting rich -- often through buying way out of the money call options.

That's not the way to go. Because anything that can give you a huge reward also comes with huge risks.

Rather, it's better to take a deep breath and reflect on what you want to do better next year.

The market is still in quite a tricky spot.

We had a nice rally off the post-FOMC dip, but markets are looking pretty sour to close this week as many leaders like Tesla (TSLA), Nvidia (NVDA), and Palantir (PLTR) sell off.

And small caps, which looked like they might be building towards a nice active sequence to the upside, are off today.

I've been lightening up my long exposure as the market seems to be entering price discovery mode.

This could be good old-fashioned profit-taking after a fantastic year -- or anticipation of New Year's profit-taking -- but nonetheless, we'll be careful in looking for new ideas.

Thankfully, I took off our IBIT Call Spread on Tuesday to keep that idea in the win zone.

Now let's dig into our names:

GEV 1/10 $365 Call: GEV is still a market leader with an intact growth story, but it's going through a bit of price discovery like most momentum names. I still like it.

CELH 1/17 $35 Call: The stock has pulled back like most momentum names, and it looks like I added it too early. We do have some time until the January 17 expiration, but I may have to salvage this one.

DASH 12/27 $185 x $192.50 Call Spread: DASH has broken down like many growth names, so this position goes in the loss column today.

Stay safe out there.

-Scott