Power Plays Options
Update: Close DASH Call Spread
New Ideas: GRAB Calls + GME Calls
February 18, 2025
By Scott Redler
Before our new ideas, I want to close out our DASH February 21 $202.50 X $215 Call Spread here.
The spread expires Friday, so it could reach its full potential value of $12.50.
But it's had a huge run from when we added it at $3.05 to $9+ today.
I'd rather not roll the dice for another $3.
So it's time to kiss it goodbye.
Now, on to our new ideas.
I believe Grab Holdings (GRAB) is the next DASH so I'm adding this position to Power Plays Options:
- Long GRAB February 28 $6 calls
These calls look good in the $0.35 to $0.50 range. (or lower)
Note: Grab reports earnings tomorrow so this is also an earnings play, meaning we have event risk. But I expect a positive move so I want in now.
Secondly, I'm adding this GameStop (GME) position which is a speculative lotto play:
- Long GME April 17 $36 Calls
These calls look good in the $1.70 to $2.00 range. (or lower)
The chart is improving and smart institutions are buying in. Plus, there could be a crypto angle here if the company makes a MSTR-like move into Bitcoin. So we could see a surprise short squeeze.
But again, put this in the super risky category.
-Scott
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