Option Strategies: .SPX, TSLA& QQQ
Hello everyone! Today i want to share some option strategies with you!
1.
A 3.5 month consolidation is finally coming to an end. $S&P 500(.SPX)$ is right near all time highs and closed above the 6100 resistance. SPX to 6350-6400 can come if we see SPX hold 6100 over the next 4 days. A multi week rally is setting up in the market. My targets below 👇
Targets by the end of March: 🎯
$S&P 500(.SPX)$ to 6300
$Invesco QQQ(QQQ)$ to 555
$NVIDIA(NVDA)$ to 153
$Robinhood(HOOD)$ to 71
$Tesla Motors(TSLA)$ to 429
$Palantir Technologies Inc.(PLTR)$ to 140
$Meta Platforms, Inc.(META)$ to 783
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2.
Holy grail setup incoming. The last time $Tesla Motors(TSLA)$ broke above 363 it ran to 488. TSLA is approaching this level again with SPX near all time highs. TSLA can run to 400 quickly if it reclaims 363 this week. If you want to grow your account wait for this trade 💰
Trigger: 363 ✅
Trade idea: $Tesla Motors(TSLA)$ Feb 28 380C
Targets: 384,392 🎯
TSLA was extremely oversold when it dipped to 325 last week. We saw a strong relief rally up to 362 by Friday. TSLA 363 is a key breakout level to set up for a 40-50 pt run leading into March. If we get any unexpected positive catalysts aligned with ATH break on SPX and TSLA through 363 this will align for a holy grail type of trade. Keep an eye on $S&P 500(.SPX)$ 6128, TSLA 363, and NEWS. These are your 3 indicators for February.
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