Hello everyone! Today i want to share some option strategies with you!
1.
TRADE PLAN for Friday 📈
$S&P 500(.SPX)$ 5670 is the July 2024 highs. If SPX reclaims this level we can see 5800+ next. For tomorrow SPX needs to defend 5600 otherwise a pull back can come.
SPX 5700C is best above 5670
$Tesla Motors(TSLA)$ tested 290 three times this week and failed to get through. TSLA through 290 will set up for 310-325. WAIT for 290.
$Strategy(MSTR)$ moved to 403 today. IF MSTR can hold near 384 at the open tomorrow we can see a 15-20 pt bounce
MSTR 390C best above 385
2.
$Tesla Motors(TSLA)$ is almost ready for a bigger breakout to 325+. I think this week's run happens next week.
Keep a close eye on 290 for TSLA over the next week. Once it can lose above this level on a daily candle you're going to see an opportunity to see some option strikes move 500-1000%.
Paytience 🙏
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