Option Strategies: .SPX, AMZN& TSLA

EliteOptionsTrader
03-31

Hello everyone! Today i want to share some trading strategies with you!

1.

$Tesla Motors(TSLA)$ Trade idea: TSLA April 4 250P

Trigger: 265 ✅

Targets: 2551 🎯

Stop: 271 🛑

TSLA- closed at 263.55. TSLA tested 290 twice last week and failed to get through .TSLA

delivery numbers are on April 2nd. If there's a negative reaction we can see TSLA dip to 251 again. TSLA under 251 can drop to 239. The next time TSLA can close above 290 we can see a move towards 311. Calls can work above 290. Puts can work under 265 this week as a lotto

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2.

$Amazon.com(AMZN)$ Trade idea: AMZN April 4 190P

Trigger: 192 ✅

Targets: 185 🎯

Stop: 195 🛑

AMZN- closed at 192.72. AMZN moved from 206 to 192 the past 3 days. IF AMZN breaks 192 we can see 185,180 next. Puts can work under 192 this week. The price action has been very bearish for megacap tech stocks. Let's see if AMZN dip to 180 after Wednesday.

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3.

$S&P 500(.SPX)$ WEEKLY TRADE PLAN ✅

CALLS: SPX at 5600 SPX April 2 5650C Target 5646 📈

PUTS: SPX under 5564 SPX April 2 5500P, Target 5500 📉

SPX- closed at 5580.94. SPX dropped 200+ pts from last week's highs. IF SPX breaks 5564 we can see 5500 again. SPX under 5500 can drop to 5272 in April. We will either see a double bottom in the 5500 range this week or the next leg lower to 5272.

It's possible we see 5118 before a bottom really starts to form. We can see quick rallies intraday to the upside but this price action looks much more bearish now

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Why not try this to meet your target?

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