Power Plays Options Update
New Idea: BABA Calls +
Update: Trim AMZN Calls
January 28, 2025

By Scott Redler

First, we'll start with our new idea on Alibaba (BABA):

  • Long BABA February 7 $95 calls

These calls look good in the $0.90 to $1.20 range (or lower).

China is setting up well from a technical perspective, and BABA looks ready to rally into earnings.

So it's my options play of the week.

*******

Amazon (AMZN) is making new highs and I'm taking this action for Power Plays Options:

  • Trim 25% of the AMZN February 14 $235 Calls

This leaves us with 25%, which we will let ride for now after taking some nice gains.

-Scott

Scott Redler Positions Disclosure as of 2025-01-28 at 10.46.38 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.