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
About Power Plays Options
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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.
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