Hello everyone! Today i want to share some option strategies with you!
1.
$Tesla Motors(TSLA)$ Trade idea: TSLA JAN 24 450C đ
Trigger: 429 â
Targets: 437,350 đŻ
Stop: 414 đ
TSLA- closed at 426.50. TSLA moved from 380 to 439.74 last week. If TSLA can get back through
437 and close above this level on a daily candle, we can see a move to 450,456 this week. Calls can work above 429 or 437 this week. For now, we may see a wider range from 414-437. I'd treat TSLA as a quicker day trade in this range. Puts can work under 414.
2.
$Robinhood(HOOD)$ SWING Trade idea: HOOD June 20 60C đ
Trigger: 48 â
Targets: 55,60 đŻ
Stop: 43 đ
HOOD- closed at 48.15. HOOD break out above 43.81 last week and moved to 49+ by Friday. HOOD is setting up for a run to 55-60 next. Calls can work above 48 this week. We can see HOOD move to 84+ this year.
3.
$.SPX(.SPX)$ WEEKLY TRADE PLAN â
CALLS: SPX above 6000 SPX Jan 22 6040C Target 6034,6072 đ
PUTS: SPX under 5973 SPX Jan 22 5940P, Target 5938 đ
SPX- closed at 5996.66. SPX bounced from 5773
last Monday to 6014.96 by Friday. SPX moved 241 points in 5 days. It's possible we see a few days of consolidation if SPX fails to get through 6017 by Tuesday. I'd like to see a higher low above 5938 if we do see a dip early this week. SPX above 6000 can set up for 6071-6100 again. The next time SPX breaks through 6100 we can see a quick move to
6251
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