Power Plays Options New Idea: DASH Call Spread
December 10, 2024
By Scott Redler
DoorDash (DASH) has been one of my favorite names this year, and I think it can accelerate into the New Year.
So I am adding a DASH $185 X $192.50 call spread to Power Plays options.
The call spread is structured as follows:
- Long DASH $185 call expiring 12/27/24
- Short DASH $192.50 call expiring 12/27/24
This spread looks good in the $1.25 to $1.75 range.
If DASH is over $192.50 at expiration on 12/27, this spread will be worth $7.50.
-Scott
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