Option Strategies: META, PLTR& .SPX

1.

$Meta Platforms, Inc.(META)$ Trade idea: META April 25 485P

Trigger: 500 ✅

Targets: 481 🎯

Stop: 507 🛑

META- closed at 501.48. META sold off from 557 to near 496 last week. IF META breaks under 500 this week it can retest 481 again. Puts can work under 500. l'd wait for near 514 before considering calls. META above 514 can set up for 533.

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2.

$Palantir Technologies Inc.(PLTR)$ Trade idea: PLTR May 2 95C

Trigger: 89 ✅

Targets: 95,100 🎯

Stop: 84🛑

PLTR- closed at 93.78. PLTR has bounced from 66 to nearly 100 the past 2 weeks. If PLTR can start to form a higher low above 84 we should see a breakout above 100 again in the next month. PLTR above 100 can test 105-107. Let's see if PLTR can back test 89 this week before considering calls.

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3.

$S&P 500(.SPX)$ WEEKLY TRADE PLAN ✅

CALLS: SPX above 5339 SPX April 23 5400C Target 5400 📈

PUTS: SPX under 5272 SPX April 23 5200P Target 5200 📉

SPX- Closed at 5282. SPX had another volatile week. SPX tried to breakout above 5300 on Friday but failed. SPX needs to reclaim 5339 to start a move higher towards 5400 this week. If we see SPX continue to reject near 5300, Puts can work for a move back towards 5200.

If SPX breaks 5200 it can re test 5118. SPX under 5118 can drop to 5000. SPX 5000 will be the line in the sand for the next month. If 5000 breaks 4818 coming again. SPX needs 5500+ to start looking more bullish.

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