Option Strategies: TSLA, PLTR& .SPX
Hello everyone! Today i want to share some option strategies with you!
1.
TRADE PLAN 📈 📉
$S&P 500(.SPX)$ bullish plan: SPX above 6600 | SPX Sept 17 6640C 📈
T: 6640, 6684 SL 6563
SPX bearish plan: SPX under 6528 | SPX Sept 17 6500P 📉
T: 6500, 6468 SL 6563
SPX moved from 6483 to 6600 this past week. FOMC Is on Wednesday.
If there’s a positive reaction to FOMC we can see another push towards 6640, 6684 next.
Calls can work above 6600 as a lotto this week.
If SPX fails to hold 6528-6532 range it can back test 6500 quickly.
Let’s see if SPX can push towards 6684-6700 this month.
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2.
$Palantir Technologies Inc.(PLTR)$ Trade Idea: Sept 19 175C
Trigger: 171 ✅
Targets: 179, 184 🎯
Stop: 166 🛑
PLTR started to show some signs of strength on Friday after defending 163 the past 3 days.
PLTR above 171 can run to 179, 184 again.
Calls can work above 171 this week.
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3.
$Tesla Motors(TSLA)$ Trade Idea: Sept 19 410C
Trigger: 400 ✅
Targets: 411, 419 🎯
Stop: 390 🛑
TSLA broke out above 368 on Friday and ran to 396.
TSLA through 400 can move to 411, 419, 430 next.
Calls can work above 400 for this week.
If we do see a dip in TSLA, it’d be best to hold above 380.
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