Option Strategies: .SPX, MSTR& META

EliteOptionsTrader
05-06

TRADE PLAN for Tuesday 📈

$S&P 500(.SPX)$ consolidation day today after the gap down. Dips were bought up so price action is still bullish. SPX 5800 possible after FOMC.

SPX 5700C is best above 5670

$Strategy(MSTR)$ 400 is a big breakout level for another 25-30 pt run this week. If #bitcoin can reclaim 96k and move towards 100k MSTR can run higher

MSTR 415C can work above 400

$Meta Platforms, Inc.(META)$ setting up for 633 in the next 2 weeks if it holds above 600 after FOMC.

META 610C is best above 600

We'll see a bigger move AFTER FOMC. Don't overtrade in this current range with SPX stuck under 5700

2.

FOMC weeks are typically very volatile and difficult to trade....

This is how I would trade AFTER FOMC this week.

1. SPX above 5700 AFTER FOMC- Buy calls.

2. SPX stays between 5600-5700- Sit on your hands

3. SPX breaks under 5600- Take puts.

Wait for the reaction AFTER Powell is done talking. The real move typically happens on Thursday so you need to stay on your toes and be careful trading on Wednesday. If you can be disciplined and wait until Thursday, you can end the week profitable.

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