Option Strategies: TSLA, META& .SPX
1.
$S&P 500(.SPX)$ TRADE PLAN 📈 📉
SPX bullish plan: SPX above 6640 | SPX Oct 1 6680C 📈
T: 6684, 6700 SL 6600
SPX bearish plan: SPX under 6600 | SPX Oct 1 6550P 📉
T: 6563, 6532 SL 6640
SPX pulled back from Tuesday into Thursday and dropped about 130 points.
SPX ended up getting bought up on Friday and closed at 6643.
Let’s see if SPX can print a higher low on Monday above 6600.
SPX above 6640 can move back up to 6684-6700 range.
Let’s see if a new all time high comes again this week.
I’d avoid calls under 6600.
Puts can work under 6563 for a move to 6532, 6500.
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2.
$Meta Platforms, Inc.(META)$ Trade Idea: Oct 3 755C
Trigger: 740 ✅
Targets: 750, 760 🎯
Stop: 733 🛑
META has pulled back from 790 to 737 the past 6 trading days.
If META can defend the previous ATH at 740 we should see a bounce back up to 760.
Calls can work above 740 this week.
A stock chart displaying META price movements with horizontal lines marking levels at 733, 740, 750, 760, and 790. Text overlays include "740 TARGET 1", "750 TARGET 2", "760 STOP", and "733 STOP". Additional text reads "Bullish Trade Plan" with targets and stops, and a logo with a paw print and the word "Elite".
3.
$Tesla Motors(TSLA)$ Trade Idea: Oct 3 455C
Trigger: 440 ✅
Targets: 456, 465 🎯
Stop: 430 🛑
TSLA had a volatile week with alternating red and green days.
TSLA through 440 can test 450, 456 next.
Calls can work above 440 early this week.
We should see delivery numbers this week.
If there’s a positive reaction, TSLA to 465+ is possible.
TSLA to 488 in play in October as well.
Let’s see if a breakout comes this week.
A chart displaying Tesla stock price movements with red and green candlesticks. Text overlays show targets at 456 and 465, a stop at 430, and a trigger at 440. A Tesla logo is visible. A bullish plan box lists targets and a stop loss.
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