Power Plays Options New Idea
XBI Calls
January 14, 2025
By Scott Redler
The biotech sector has underperformed years but may be at a short-term bottom.
So I'm adding this position in SPDR S&P Biotech ETF (XBI) here:
- Long XBI January 24 $91 calls
These calls look good in the $0.90 to $1.20 area, or lower.
A light or in-line CPI tomorrow could be a catalyst to drive these calls higher short-term.
-Scott
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