Option Strategies: .SPX, MU& TSLA
Hello everyone! Today i want to share some option strategies with you!
1
$Tesla Motors(TSLA)$ Trade Idea: April 17 360C
Trigger: 352 ✅
Targets: 369, 383 🎯
Stop: 336 🛑
TSLA bottomed near 336 this past week.
If TSLA can reclaim 352 coupled with some news, it can set up for a run to 369, 383 again.
Calls can work above 352 as a lotto.
2
$Micron Technology(MU)$ Trade Idea: April 17 440C
Trigger: 424 ✅
Targets: 442, 455 🎯
Stop: 410 🛑
MU had a strong move last week from 364 to 423.
If MU can breakout above 424 early this week, we can see 442-455 next.
Calls can work above 424.
MU through 471 can run to 500 quickly.
3
$S&P 500(.SPX)$ TRADE PLAN 📈 📉
SPX bullish plan: SPX above 6800 | SPX Apr 15 6850C 📈
T: 6850, 6900 SL 6780
SPX bearish plan: SPX under 6720 | SPX Apr 15 6650P 📉
T: 6637, 6600 SL 6750
SPX bounced 500+ points from the lows we saw recently.
This past week the market had some positive news with Iran and it caused a big gap up into Wednesday.
If SPX can hold above 6780, we should see 6921–7000 on the next leg higher.
Watch to see if we get more positive news with Iran over the next two weeks.
Calls can work above 6800 this week.
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