Hello everyone! Today i want to share some option strategies with you!
1
$S&P 500(.SPX)$ TRADE PLAN đ đ
SPX bullish plan: SPX above 7700 | SPX Aug 25 7750C đ T: 7759, 7800 SL 7661
SPX bearish plan: SPX under 7620 | SPX Aug 25 7550P đ T: 7578, 7550 SL 7661
SPX dropped 150 points from last week's highs.
SPX almost dropped to the previous all-time high near 7620 this past week.
If SPX can start to carve out some higher lows above 7660 this week and reclaim 7700 we can see a push back to 7800 again.
Fed Chair Warsh is speaking at Jackson Hole on Friday.
This can be the big catalyst for the week.
2
Trade Idea: Aug 28 125C
Trigger: 120 â
Targets: 127, 137 đŻ
Stop: 115 đ
MSTR broke out above 100 this past week after BTC ran from 62k to 80k.
If BTC gets through 80k this upcoming week we can see MSTR run to 137-150 range next.
Calls can work above 120 early this week.
Let's see if MSTR can move up to 196-200.
BTC at 100k will send MSTR towards 200.
3
$Micron Technology(MU)$ Trade Idea: Aug 28 1050C
Trigger: 1000 â
Targets: 1050, 1075 đŻ
Stop: 950 đ
MU consolidated most of the week above 900 after running to 1036.
If MU can reclaim 1000 and form a new base above this level we'll see a run to 1100-1168 in September.
Calls can work above 1000 but we need to see some news/catalyst to see a sustained run.
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