Option Strategies: .SPX, TSLA& HOOD
Hello everyone! Today i want to share some option strategies with you!
1.
$Robinhood(HOOD)$ almost at my $60 target on a Sunday night..We still have 3 days until earnings.
I'm telling you, this is a $100 stock. 📈
I talked about $Palantir Technologies Inc.(PLTR)$ nonstop since $28. it touched $116. $Robinhood(HOOD)$ Will be next.
2.
$Tesla Motors(TSLA)$ Trade idea: TSLA Feb 14 350P 📈
Trigger: 363 ✅
Targets: 350,343 🎯
Stop: 372 🛑
TSLA- closed at 361.62. TSLA price action has continued to look weak the past 2 months. TSLA tried to bounce off 363 last Thursday but failed at 380 and dropped ot 361 by the end of the week. If TSLA fails to hold near 363 this week we can see another dip to 343-350. Puts can work under 363 as a day trade. We should start to see a bottom form in the 343-363 range over the next 2 weeks. Be patient if you're looking for calls, it's not quite ready yet.
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3.
$Robinhood(HOOD)$ earnings Trade idea: HOOD Feb 14 60C 📈
Trigger: 55 ✅
Targets: 60,64 🎯
Stop: No stop 🛑
HOOD- closed at 55.86. HOOD through 55 can test 60,64 next. HOOD has continued a strong uptrend the past 6 months. Every dip has continued to be bought up quickly the this year. HOOD has earnings on Wednesday after the market closes. There's a 7-8 pt move priced in for this earnings.Let's see if COIN can open between 60-64 on Thursday.
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3.
$S&P 500(.SPX)$ WEEKLY TRADE PLAN ✅
CALLS: SPX above 6071 SPX Feb 12 6100C Target 6100,6128 📈
PUTS: SPX under 6000 SPX Feb 12 5970P, Target 5973,5938 📉
SPX-closed at 6025.99. SPX price action has been more tricky the past few Fridays. We saw a dip early Friday on consumer sentiment data then lower again on Trump tariff news. SPX dropped from 6101 to 6019 intraday. If SPX fails to hold 6000 this week let it drop to 5973,5938. The price action can start to look more bearish under 6000. SPX has continued to trade in the same range since early November.
We need to see SPX reclaim 6100 and hold this level for at least a week to see the next leg higher to 6251. It's a risk off environment for calls if SPX can't hold 6000 this week.
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