Hello everyone! Today i want to share some option strategies with you!
1.
Put-write trades on tap for $Tesla Motors(TSLA)$ this week. If we get a big sell-off to start the week, then will be targeting put strikes at 200 down to 180, April 4 expiry.
Will roll up to 220 to capture more premium depending on how price action plays out the rest of the week.
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2.
$NVIDIA(NVDA)$ on tap this week for some put-write trades. Will be targeting the 90-100 range for strikes.
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3.
$S&P 500(.SPX)$ Okay, back from vacation and ready to trade SPX again this week. Geez ... what happened last week!
SPX hit the volume support level at 5580-5590. If this doesn't hold this week, then we are looking for the volume cluster down to 5400 to provide support. If that breaks, then there is not a lot of support heading down to the August 5th low around 5120. 😬
Am leaning towards call credit spreads this week. Will also trade put credit spreads if it makes sense. Not playing to scalp or day trade in-and-out. Am a one-and-done optionselling trader ... execute in the morning at far OTM strikes, walk away and do other things besides watching the chart, and play for worthless expiration.
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We have provided another ways for you!!
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