Power Plays Options Update
Trim BABA Calls
January 29, 2025
By Scott Redler
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Alibaba (BABA) is still ripping today - great for us!
So we'll take the following action for Power Plays Options:
- Trim 1/3 of the BABA February 7 $95 calls
This leaves us with 1/3 left.
These calls are up massive overnight so let's be grateful we caught this one.
For now, the game plan is to let the last 1/3 ride into earnings next week.
If I decide to switch gears, I'll send you an alert.
Note: we also have 1/4 of the AMZN February 15 $235 calls left. And they should be up nicely today. However, as with BABA, I'm going to let them ride into earnings for now.
Be careful out there today. We have a lot going on with the FOMC and tech earnings after the bell. So know your risk and what you can handle.
-Scott
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