This was a great week for Power Plays Options thanks to our big bet on China.

Last week, I told you Alibaba (BABA) was on the radar again after being our best name ever.

Now I did pass up going back to BABA (big mistake), but thankfully, we engaged China names Baidu (BIDU) and PDD Holdings (PDD) for nice gains. And both look like they can stretch further to the upside.

Overall, the big message of the market this week was respect the price action.

The bulls saw hot CPI & PPI reports and said "we don't care."

And here we are with the SPX closing out the week at record highs as the market looks to better times ahead.

You could spend years arguing why... but why not just trade the price action in front of you?

BIDU 2/28 $95 Calls: we added BIDU on Tuesday and it's been beautiful since then. It got a big boost today on tariff news, which sent China names up hard.

DASH 2/21 $202.50 X $215 Call Spread: this position went from loser after earnings to solid winner today. Dip buyers came in aggressively and I wish we'd loaded up on calls on the post-earnings decline. We are down to 1/2.

PDD 2/28 $120 Call: I added PDD Monday as it looked like the next China name to go, and we booked gains both Thursday and today. We are down to 1/3 which we'll trail for now.

NIO 3/7 $5 Calls: this is a super-speculative EV position I added two weeks ago. Today, it woke up on the tariff news, but it drifted back lower. We'll let it ride for now.

MSOS 6/20 $4 Calls: this ETF can be super tricky to trade, but tends to have violent rallies a few times a year. So far it hasn't done anything, but we have until June for this to work.

Have a wonderful weekend!

-Scott