Were closing out the week on a positive note, and I'm taking these actions for Power Plays Options:

• Trim 1/3 the GOOGL 7/25 $185 Calls (leaving us with 2/3)
• Trim 1/3 the FXI 8/8 $37.50 Calls (leaving us with 1/3)

We will also add a new position:

• Long GRAB August 22 $6 Calls

These calls look good in the $0.30 to $0.55 area (or lower).

Momentum names keep rotating fast in this gape, and I believe Grab Holdings (GRAB) is the next to go.

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SPX futures are positive as it seems like we might leave this upper channel that was supported by the 8/21-day the past two weeks.

And until the SPX breaks the 8-day moving average and stays below it, we will be actively bullish and opportunistic.

So I'm glad we've been aggressive in adding long names to Power Plays Options over the past few weeks.

Power Plays Options is supposed to give you one idea per week - but we've sent 6 this week alone!

I hope you understand that we don't always have this volume of trades.

But when the getting is good, we need to be aggressive.

So if I see something I like, I won't hold back,

Because I want you to get your money's worth, and then some.

Now let’s talk about our current names:

SPY 7/25 $618 Puts: I added these puts as a hedge against a potential short-term downturn. So far, they are down but that's fine because most of our other names are doing well.

AAPL 7/25 $215 Calls: Apple looks ready to turn the corner higher so I expect an early pre-earnings rally over the next few days.

ACHR 7/25 $11 Calls: WOW. These have been huge for us as aviation names started ramping hard. We are down to 1/3 which we'll let ride for now.

FXI 8/8 $37.50 Calls: China has taken off nicely for us, and we are down to 1/3. I would not chase this sector.

GOOGL 7/25 $185 Calls: this name took longer than expected to get going, but it's finally moving.  Nice to see.

SMCI 8/1 $52 Calls: Super Micro has been a beneficiary of the resurgent AI trade, so I'm glad we positioned in. There is potential for the stock to surge over the $56 area so we're sticking with our last 1/3 for now.

Have an awesome weekend!

-Scott