Hello everyone! Today i want to share some option strategies with you!
1.
$Tesla Motors(TSLA)$ Trade idea: TSLA Feb 7 390P đ
Trigger: 400 â
Targets: 392,384 đŻ
Stop: 414 đ
TSLA- closed at 404.60. TSLA reversed from 419 to 404 intraday on Friday. TSLA can continue to consolidate in a wider range from 384-429 for now. I would treat both directions as a quicker day trades. Puts can work under 400 for a move to 392 this week. Calls can
Work near 414 or 420
2.
$Palantir Technologies Inc.(PLTR)$ earnings Trade idea: PLTR Feb 7 90C đ
Trigger: 80 â
Targets: 89,92 đŻ
Stop: No stop đ
PLTR- closed at 82.49. PLTR moved to 84 on Friday but failed to get through. PLTR through 84 can run to 92,100 next. PLTR reports their earnings on Monday. There's an 11 pt move priced in for this earnings. If PLTR has a positive reaction we can see PLTR near 89-92 which will set it up for 100+
3.
$.SPX(.SPX)$ WEEKLY TRADE PLAN â
CALLS: SPX above 5973 SPX Feb 5 6020C Target 6020,6034 đ
PUTS: SPX under 5938 SPX Feb 5 5900P, Target 5900,5880 đ
SPX- closed at 6040.53. SPX reversed from 6120 to 6030 on Friday from Trump Tariff news. Futures are down 100+ currently. We can see SPX drop to 5880-5900 next if SPX fails to reclaim 5973 on Monday. I'd wait for SPX to move back above 5973 before considering calls
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