Option Strategies: TSLA, HOOD& .SPX
Hello everyone! Today i want to share some option ideas with you!
1.
$S&P 500(.SPX)$ TRADE PLAN 📈 📉
SPX bullish plan: SPX above 6731 | SPX Oct 8 6770C 📈
T: 6772, 6800 SL 6700
SPX bearish plan: SPX under 6700 | SPX Oct 8 6640P 📉
T: 6640, 6600 SL 6684
SPX moved from 6644 to 6750 last week.
SPX pulled back to 6705 at the lows.
If SPX fails to defend 6700 we can see a pull back to 6640 again.
I’d start to lean more bearish under 6640 this month.
Let’s see if SPX can move towards 6800 this week.
A chart displaying SPX (S&P 500) price movements with candlestick patterns. Horizontal lines mark key levels at 6772, 6731, 6700, 6640, and 6600. Text overlays indicate bullish and bearish trade plans, targets, and stop-loss levels.
2.
$Robinhood(HOOD)$ Trade Idea: Oct 10 155C
Trigger: 149 ✅
Targets: 155, 159 🎯
Stop: 144 🛑
HOOD continued to breakout this past week.
HOOD through 149 can test 155, 159 next.
I expect to see more profit takers in the 149-159 range so I’d be careful if trading above 149.
A stock chart for HOOD with candlestick patterns and horizontal lines marking price levels. Text overlays include "159 TARGET 2", "155 ENTRY", "149 TARGET 1", "144 STOP", and "Bullish Trade Plan". A Robinhood logo and Elite Options watermark are visible.
3.
$Tesla Motors(TSLA)$ Trade Idea: Oct 10 440C
Trigger: 430 ✅
Targets: 440, 450 🎯
Stop: 419 🛑
TSLA dropped from 479 premarket Thursday to 416 on Friday.
If TSLA can reclaim 430 we can see 440, 450 again.
Calls can work above 430.
If there’s one more backtest at 419, I’d consider calls as well.
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