Power Plays Options Weekly Roundup
April 4, 2025
By Scott Redler
The environment is a mess.
As I've been telling you for weeks, I did not believe the 2025 lows are in just yet, which is why I've been very cautious.
The tariff situation is undoubtedly negative all around for now.
The bulls' hope was that President Trump would come out swinging hard, and then there would be a quick compromise.
Instead, China retaliated with a heavy 34% tariff on US exports, and that's put global equity markets in meltdown mode.
I did add some long exposure this morning via AMZN, DASH, QQQ, and SPY calls because we could see an oversold bounce. But I'm keeping those very tight. I'm fully prepared to stop out if key levels like opening lows and premarket lows break.
For now, let's stay patient and be very selective in looking for opportunities.
Now let's talk about our current names.
XLE: 6/30 $95 X $105 Call Spread: energy got hit along with everything else this week, so this is underwater. However, we have until June which means a little extra breathing room.
BABA 4/11 $145 Calls + BABA 4/11 $145 X $150 Call Spread: BABA has struggled since losing the $145 level. Unless China has a shocking rally next week, these will likely expire worthless.
MSOS 6/20 $4 Calls: we haven't gotten any news to drive up the cannabis sector, so this position has done poorly.
Stay safe out there.
-Scott
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