Option Strategies: .SPX, META& TSLA
Hello everyone! Today i want to share some trading ideas with you!
1
$Tesla Motors(TSLA)$ Trade Idea: April 2 350P
Trigger: 358 ✅
Targets: 350, 342 🎯
Stop: 369 🛑
TSLA dropped from 396 to 359 the past 3 days.
If TSLA fails at 358 it can test 342, 336 next.
Puts can work under 358 this week.
I’d wait for 383 to start looking at calls again.
2
$Meta Platforms, Inc.(META)$ Trade Idea: Apr 2 540C
Trigger: 530 ✅
Targets: 540, 550 🎯
Stop: 520 🛑
META had a sharp sell off this past week. META sold off from 608 to 520.
META needs to reclaim 544 otherwise 512, 500 in play next.
Puts can work under 530.
META is oversold in the short term so if we see it reclaim 530 by Tuesday it can bounce back to 544 - 550
3
$S&P 500(.SPX)$ TRADE PLAN 📈 📉
SPX bullish plan: SPX above 6468 | SPX Apr 1 6520C 📈
T: 6523, 6550 SL 6427
SPX bearish plan: SPX under 6342 | SPX Apr 1 6250P 📉
T: 6300, 6250 SL 6468
SPX had another sharp sell off this week.
SPX dropped from 6651 to 6356.
SPX dropped almost 300 points from the highs.
If SPX breaks 6342 we can see 6300, 6210 next.
SPX to 6150 possible before a bottom starts to form.
I don’t see a great trade for the upside yet.
News regarding Iran needs to shift more positively to see a sustained bounce for the upside.
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- LEESIMON·00:10🩷GoodLikeReport