Power Plays Options
Quick Update
June 24, 2025
By Scott Redler
I just wanted to chime in with a quick update given all the market chaos over the past day or so.
The market seems happy with the ceasefire in the Middle East - just look at the price of oil right now.
Though let's remember the headlines will be fluid, and occasionally made up on social media.
For now, the market will focus on Powell's testimony, and the key economic data points coming later this week, especially the PCE report on Friday.
From a technical perspective, it's good to see the SPY and QQQ back above the 8-day moving averages.
And ideally, the majority of today's gap will hold.
As far as positions go, I'm satisfied with where we are.
Unfortunately, SMCI took a big hit on its convertible offering, so those calls will likely be a zero.
Nvidia (NVDA) is perking up so our calls for Friday are still in the game.
Nebius Group (NBIS) is flying today and could be a prime momentum leader near-term.
And Archer (ACHR) is building a channel, plus we have two weeks to expiration there.
Should I decide to make any shifts or add new ideas, I'll send you an alert.
-Scott
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