Before we start, I'll remind you that we just closed out the AMZN 2/14 $235 calls - just in case you didn't catch the alert earlier. While we lost on this final 25% of the position, it goes down as a win overall.

On to this week's roundup...

The past two weeks, the market has bottomed on Monday and crawled higher throughout the week.

However, we are in a period where the market is not in a "rising tide lifts all ships" environment, so stock selection is key.

Even with the Mag7, we are seeing big divergences.

And there are individual stocks like Palantir (PLTR)  and Meta (META) showing phenomenal strength.

We've seen many key leaders like Apple (AAPL) and Amazon (AMZN) falter after earnings.

On the plus side, this can set up additional long opportunities in the weeks ahead as stocks settle and finds support.

This is a good time to take a deep breath, and examine all your holdings.

Have a good reason for owning whatever you have.

Clean up loose longs.

And do not overtrade because cheap stocks can become cheaper.

Our game plan will be to pick our spots carefully with names that look like they can show relative strength even in a flat market.

Alibaba (BABA) is on my radar again. It was by far our biggest win in Power Plays Options. I think it can rally into earnings, which are expected on February 20. It's just a matter of finding an entry.

NIO 3/7 $5 Calls: this is a super-speculative EV position I added last Thursday. NIO has been drifting lower, which is obviously not good. However, the stock has held support so we'll stick with it for now.

GOOGL 2/7 $207.50 Calls: the final 1/3 of this position will expire worthless this afternoon. Overall, this idea broke even.

MSOS 6/20 $4 Calls: this ETF can be super tricky to trade, but tends to have violent rallies a few times a year. I believe a short-term bottom is in and it can bounce in the weeks ahead. However, we used a June expiration so give us extra time because this ETF is not easy to time.

Have a wonderful weekend!

-Scott