Power Plays Options
New Idea: XBI Calls
+ Rolling IBIT Calls
July 9, 2025
By Scott Redler
Biotech has woken up and looks set to lead near-term. If XBI closes above $85.46, it could open the door for the $89.50 area, if not higher.
So I am adding this position to Power Plays Options:
- Long XBI July 25 $86 Calls
These calls look good in the $1.75 to $2.25 area (or lower).
Separately, I am going to roll our IBIT position by doing this:
- Close the IBIT July 11 $62 Calls
And we will add this new position:
- Long IBIT August 8 $62 Calls
These calls look good in the $3.00 to $3.50 area (or lower).
Bitcoin has been holding in well enough, but it may need a little more time to give us a real move higher. So I'm rolling to this longer expiration.
Stay tuned for more updates!
-Scott
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