Option Strategies: META, BTC, NVDA& .SPX

Jake_Wujastyk
04-22

1.

$Bitcoin(BTC.USD.CC)$ to $250K coming once this consolidation ends. BTC is starting to decouple from the stock market...

Bitcoin broke out above $75k in Nov'24 and rallied to nearly $110k. Since then, it’s been consolidating for the past six months within that same range - $75K to $110K. Now the big question is: Are we gearing up for the next leg higher, or is a massive correction around the corner?

So far, BTC has held up extremely well. We recently retested the 2024 all-time highs and held strong, which is a bullish sign. A breakdown below $75K could open the door to a move back toward $62K, but at this point, that scenario looks highly unlikely.

Bitcoin adoption continues to grow, especially among institutions. This long consolidation has shaken out weak hands (those in it for “quick money)— while firms like MicroStrategy have been steadily adding to their positions.

We’re still holding firm on our year-end target of $150k. We believe the second half of 2025 will mark the beginning of the next aggressive leg higher - and those who hesitated during this range will likely be forced to chase into strength once momentum returns.

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2.

TRADE PLAN for Tuesday ✅

$S&P 500(.SPX)$ another big sell off today. SPX dropped 200+ points from Friday's highs. If SPX breaks 5100 we can see 5000 next.

SPX 5040P is best under 5100

$NVIDIA(NVDA)$ possible we see 88-90 by Friday if NVDA fails to reclaim 100 tomorrow.

NVDA 92P is best under 95

$Meta Platforms, Inc.(META)$ Under 481 can drop to 461 next.

META 465P is best under 481

The market isn't showing any signs of strength yet. Ever since the Exemption tariff news on chips/computers/ phones We've seen a continuous move lower since last Monday. Don't force trades to the upside here. BE patient.

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