Power Plays Options Update
Close IBIT calls
April 23, 2025
By Scott Redler
Bitcoin is up again today and we'll take the following action for Power Plays Options:
- Close the IBIT 5/2 $50 Calls
This gives us a solid gain from our initiation at $2.18 on April 4.
IBIT may be getting overheated up here over $53.
Plus, expiration is next week, so a near-term pullback could take this from a victory to a loss.
So the smart move is to take the money and run.
Stay tuned for the next idea!
-Scott
About Power Plays Options
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Since PPO is an all-new service, we may adjust some aspects of the format and content in the coming weeks. But, the focus will remain on providing high quality ideas for you to consider.
Depending upon the name, Scott may not introduce a specific exit plan at the time of idea initiation. This is because options prices can move so far so fast, and Scott prioritizes flexibility.
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