Power Plays New Idea: SPY Puts
July 16, 2025
By Scott Redler
The market is showing signs of a slowdown and potential weakness ahead. For example, Nvidia (NVDA) put in a big Doji candle which can indicate exhaustion. And SPY put in a pretty big ugly red bar yesterday.
So I'm adding this position to Power Plays Options:
- Long SPY July 25 $618 Puts
These puts look good in the $3.15 to $3.45 area.
We still have multiple longs on, and they all look solid.
But I want to have a hedge on in case we have a short-term downturn.
-Scott
Scott Redler Positions Disclosure as of 2025-07-15 at 10.14.38 AM
These are not Power Plays ideas.
About Power Plays Options
Thank you for joining Scott's first dedicated options service as one of our charter members.
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.
However, if Power Plays removes an options idea (whether it's up or down), Scott will notify you with an alert.