Hello everyone! Today i want to share some option strategies with you!
1.
TRADE PLAN for Wednesday ✅
$S&P 500(.SPX)$ day 2 of consolidation today. SPX 5500 is a big breakout level for a move to 5750-5800. Watch this level closely over the next week. I'd lean more bearish under 5339
$Apple(AAPL)$ nasty reversal lower last 2 days. AAPL under 200 can test 192 again.
AAPL 195P is best under 200
$Palantir Technologies Inc.(PLTR)$ setting up for 100 test. PLTR 63 is the bottom for the year. PLTR to 125 in play in the next 3 months.
The market is holding well above last week's lows ( SPX 4835 QQQ 402). As long as these hold over the next 4 weeks, The bottom can form this year. if these levels break you'll see SPX drop another 500 points and QQQ down 30-40 more points.
We need more positive news to trigger buyers into May.
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