Power Plays New Idea: VAL Calls
December 30, 2024

By Scott Redler

Energy has lagged the major averages this year by a big margin, but I think that's about to change.

So I'm adding an idea on Valaris (VAL), which is one of my favorite January Effect names:

  • Long VAL 2/21 $45 Call

These calls look good between $2.00 and $2.50.

VAL looks like it's finally turning the corner and I expect it to lead in the weeks ahead.

-Scott

Scott Redler Positions Disclosure as of 2024-12-30 at 11.21.56 AM

About Power Plays Options

Thank you for joining Scott's first dedicated options service as one of our charter members.

Since PPO is an all-new service, we may adjust some aspects of the format and content in the coming weeks. But, the focus will remain on providing high quality ideas for you to consider.

Depending upon the name, Scott may not introduce a specific exit plan at the time of idea initiation. This is because options prices can move so far so fast, and Scott prioritizes flexibility.

However, if Power Plays removes an options idea (whether it's up or down), Scott will notify you with an alert.