Option Strategies: MU, SNDK& .SPX
Hello everyone! Today i want to share some trading ideas with you!
1
$S&P 500(.SPX)$ TRADE PLAN π π
SPX bullish plan: SPX above 7800 | SPX Aug 19 7850C π T: 7850, 7870 SL 7770
SPX bearish plan: SPX under 7700 | SPX Aug 19 7620P π T: 7620, 7600 SL 7730
SPX ran to 7817 this past week but failed to close above the 7800 resistance.
SPX finished up its 8th day of consolidation since FOMC.
SPX needs to get through 7800 to set up for a move to 8000 this year.
Calls can work above 7800 this upcoming week.
If SPX gives up 7700 it can drop to 7620 again.
Puts can work under 7700 this month.
2
Trade Idea: Aug 21 1800C
Trigger: 1600 β
Targets: 1750, 1800 π―
Stop: 1550 π
SNDK ran from 1194 to 1667 this past week.
SNDK to 1700 in play if it can hold above 1600 early this week.
If SNDK breaks above 1700 and holds it can run to 1950-2000.
3
Trade Idea: Aug 21 1050C
Trigger: 985 β
Targets: 1050, 1075 π―
Stop: 950 π
MU finally got through the 930 resistance this week.
It touched 987 premarket on Friday as well.
If MU can form a new base above 930 and get through 1000 in the next 2 weeks, we will see 1250 again.
Calls can work above 985 this upcoming week.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
