The market can drop another 3-4% this week. Two Plays For You

2024-08-06

$SPDR S&P 500 ETF Trust(SPY)$ right off $508 critical level, but this extreme gap is the next massive area of selling pressure.

I'd watch for buyers to step in to push through it.

Image

The SPY crashing 10% from all time highs takes it to $508. The market can drop another 3-4% this week.

Here's 2 easy plays to focus on for accounts less then $1000:

#1 NVDA earnings is on Aug 28.

At these low prices especially if it drops under $100. Get NVDA calls that expire in October or Jan 2025 for $110 and $120 strike. Oct 2024 $120 calls cost $8.46.

$NVIDIA Corp(NVDA)$ is the strongest AI company and will most likely do well in earnings.

Image

#2 $Microsoft(MSFT)$ is one of the strongest companies and its sitting right at its 200SMA.

Options that expire in 2025 woud be good for a swing. Wait for Jan 2025 $440 strike to get close to $10 for an entry. There are lots of buyers in this area.

Image

💰 Stocks to watch today?(4 July)

1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!

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.

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Two Plays For You","html":"<html><head></head><body> <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> right off $508 critical level, but this extreme gap is the next massive area of selling pressure. I'd watch for buyers to step in to push through it. <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/2cec2ba0163abe71066c72f2aaed5047\" tg-width=\"617\" tg-height=\"380\">ImageThe SPY crashing 10% from all time highs takes it to $508. The market can drop another 3-4% this week. <h3 id=\"id_1280329495\">Here's 2 easy plays to focus on for accounts less then $1000:</h3>#1 NVDA earnings is on Aug 28. At these low prices especially if it drops under $100. Get NVDA calls that expire in October or Jan 2025 for $110 and $120 strike. Oct 2024 $120 calls cost $8.46. <a data-mention-id=\"NVDA\" class=\"teditor-mention\" data-mention-name=\"NVIDIA Corp\" href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> is the strongest AI company and will most likely do well in earnings. <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/a4a819055c8a007a721ddfdeb50a4d65\" tg-width=\"829\" tg-height=\"626\">Image#2 <a data-mention-id=\"MSFT\" class=\"teditor-mention\" data-mention-name=\"Microsoft\" href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$</a> is one of the strongest companies and its sitting right at its 200SMA. Options that expire in 2025 woud be good for a swing. Wait for Jan 2025 $440 strike to get close to $10 for an entry. There are lots of buyers in this area.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/23ebf46eec87260e86b475d73613fa93\" tg-width=\"680\" tg-height=\"309\">Image</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> right off $508 critical level, but this extreme gap is the next massive area of selling pressure. I'd watch for buyers to step in to push through it. <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/2cec2ba0163abe71066c72f2aaed5047\" tg-width=\"617\" tg-height=\"380\">ImageThe SPY crashing 10% from all time highs takes it to $508. The market can drop another 3-4% this week. <h3 id=\"id_1280329495\">Here's 2 easy plays to focus on for accounts less then $1000:</h3>#1 NVDA earnings is on Aug 28. At these low prices especially if it drops under $100. Get NVDA calls that expire in October or Jan 2025 for $110 and $120 strike. Oct 2024 $120 calls cost $8.46. <a data-mention-id=\"NVDA\" class=\"teditor-mention\" data-mention-name=\"NVIDIA Corp\" href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> is the strongest AI company and will most likely do well in earnings. <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/a4a819055c8a007a721ddfdeb50a4d65\" tg-width=\"829\" tg-height=\"626\">Image#2 <a data-mention-id=\"MSFT\" class=\"teditor-mention\" data-mention-name=\"Microsoft\" href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$</a> is one of the strongest companies and its sitting right at its 200SMA. Options that expire in 2025 woud be good for a swing. Wait for Jan 2025 $440 strike to get close to $10 for an entry. There are lots of buyers in this area.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/23ebf46eec87260e86b475d73613fa93\" tg-width=\"680\" tg-height=\"309\">Image</body></html>","text":"$SPDR S&P 500 ETF Trust(SPY)$ right off $508 critical level, but this extreme gap is the next massive area of selling pressure. I'd watch for buyers to step in to push through it. Image The SPY crashing 10% from all time highs takes it to $508. The market can drop another 3-4% this week. Here's 2 easy plays to focus on for accounts less then $1000: #1 NVDA earnings is on Aug 28. At these low prices especially if it drops under $100. Get NVDA calls that expire in October or Jan 2025 for $110 and $120 strike. Oct 2024 $120 calls cost $8.46. $NVIDIA Corp(NVDA)$ is the strongest AI company and will most likely do well in earnings. Image #2 $Microsoft(MSFT)$ is one of the strongest companies and its sitting right at its 200SMA. 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