Hello everyone! Today i want to share some option strategies with you!
1.
$NVIDIA(NVDA)$ Trade idea: NVDA JAN 24 150C đ
Trigger: 144 â
Targets: 149,153 đŻ
Stop: 142 đ
NVDA- closed at 144.47. NVDA gapped up to 140 and moved to 144.90 intraday on Friday.
NVDA finally reclaimed 140 after a few weeks of consolidation. If NVDA can base above 140 this week we should see a move back up to 153 by the end of the month.
2.
$Tesla Motors(TSLA)$ Trade idea: TSLA JAN 10 425C đ
Trigger: 414 â
Targets: 429,437 đŻ
Stop: 431 đ
TSLA- closed at 410.44. TSLA dropped from 488 to 373 in the past 3 weeks but ended up being bought up quickly after the Q4 delivery miss. TSLA gapped up to 381 and moved to 411 on Friday.
TSLA is now in a wider range from 400-488. If
TSLA reclaims 414 this week we an see 429,437.
Calls can work above 414 for this week
3.
$.SPX(.SPX)$ WEEKLY TRADE PLAN â
CALLS: SPX above 5938 SPX Jan 8 6000C 5975C Target 5975,6000 đ
PUTS: SPX under 5900 SPX Jan 8 5850, 5800 Target 5850 đ
SPX- closed at 5942.47. SPX had about a 4 month consolidation since moving to 6099. SPX gapped up to 5891 on Friday after dipping to 5829 the previous day. SPX ended up moving up to 5949 intraday. IF SPX can hold above 5938 this week we can see 5973.6000 next. Calls can work above
5938. IF SPX breaks under 5880 again I would consider puts.SPX under 5848 can drop to 5800,5767.
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