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


