Power Plays Options New Idea: CELH Calls + Trim IBIT Call Spread
December 16, 2024
By Scott Redler
Bitcoin has been doing great as of late, and our IBIT call spread is up nicely above the $1.50 area. We'll take off half of it here.
I'm also going to add a January effect play in Celsius Holdings (CELH):
- Long CELH $35 call expiring 1/17/24
This call looks good in the $1.20 to $1.50 range. (or lower, obviously)
The January effect takes advantage of the tendency for some beaten down names to rally hard into year-end. By nature, these are never low-risk plays. But CELH is among my top names into January.
-Scott
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