Option Strategies: SMH, .SPX& NVDA

1.

$VanEck Semiconductor ETF(SMH)$ : The Final Catalyst for SPX 7000?

$VanEck Semiconductor ETF(SMH)$ has been quietly coiling between 212–221, setting the stage for a breakout. It tested 221 last week, and now all eyes are on upcoming semi earnings and the FOMC reaction. A strong combo could ignite the next leg — semis are the last piece of the puzzle.

$S&P 500(.SPX)$ is sitting just below a major resistance at 5700. If SMH breaks out and reclaims 230 (a huge level) it would confirm risk-on sentiment and likely propel SPX through 5700 toward 5900 and beyond.

Semiconductors don’t just walk — they run. A move through 230 on SMH could be the spark that launches SPX toward new all-time highs… and maybe even 7000 by year end or mid-2026.

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2.

TRADE PLAN for FOMC Wednesday 📈

$S&P 500(.SPX)$ all about 5700. If SPX closes above 5700 tomorrow we can see 5800 by Friday. I'd consider calls above 5670 tomorrow as a lotto for a move ot 5700

$NVIDIA(NVDA)$ almost ready for a move to 120-123. As long as 113 holds we'll see a run into Friday

NVDA May 16 116C best above 113

$Strategy(MSTR)$ 400 massive breakout level for a move to 450+. If #bitcoin breaks out above 96k and move to 100k you'll see MSTR follow

MSTR 410C best above 400

I'd wait until AFTER Powell talks before considering a trade. ✅

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