Power Plays New Ideas: MSFT & BITO Calls
April 8, 2024

By Scott Redler

Today we have two ideas.

Idea #1

Name: Microsoft

Ticker: MSFT

Price: $424.64

Needs to Hold: $397 to $417

Price Objective 1: $445 to $465

Price Objective 2: N/A

Microsoft (MSFT) has been consolidating for the past two weeks but looks poised to make new highs. So we're adding it as a Power Play.

Idea #2

Our second idea is a high-risk, potentially high-reward bonus options play in the ProShares Bitcoin Strategy ETF (BITO).

This is what we're adding to Power Plays:

  • BITO May 3 $33 Calls, which were recently trading around $2.20.

Based on the volatility in Bitcoin, this is an "all or nothing" situation. This idea could lose 100% if Bitcoin drops or even goes flat. But if Bitcoin accelerates over $80,000 as I expect, there could be a substantial gain. So this is not for the faint of heart.


Scott Redler Positions Disclosure as of 2024-04-08 at 2.28.21 PM