By Scott Redler
Power Plays Update
New Idea: XBI Calls + Rolling AAPL Calls
Our Apple (AAPL) calls are at risk of expiring at $0 tomorrow so we are going to roll them.
So we will take this action:
- Close the AAPL 7/25 $215 Calls
And we will roll into these calls:
- Long AAPL 8/1 $215 Calls
These new calls look good in the $5.10 to $5.50 area (or lower).
Apple did not give the pre-earnings rally I expected, but there is a strong chance it rallies around earnings next Thursday. So I want to keep exposure there.
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Separately, I think biotech is on the verge of a breakout, so I am adding this position to Power Plays Options:
- Long XBI 8/8 $90 Calls
These calls look good in the $1.15 to $1.45 area (or lower).
-Scott
Scott Redler Positions Disclosure as of 2025-07-24 at 10.45.15 AM
These are not Power Plays ideas.
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