Option Strategies: .SPX, TSLA& NVDA

EliteOptionsTrader
05-15

Hello everyone! Today i want to share some option strategies with you!

1.

TRADE PLAN for Thursday 📈

$S&P 500(.SPX)$ 5900 breakout level for a run to 5973-6000 by next week. Once SPX gets to 6000 I'd be careful trading calls.

SPX 5930C can work above 5900

$Tesla Motors(TSLA)$ if it gaps through 350 we can see one more push to 363 before a pull back comes.

TSLA 360C can work above 350

$NVIDIA(NVDA)$ through 136 will set up for key resistance at 140. NVDA through 140 can run to all time highs at 153.

NVDA May 23 138C is best above 136

We had 1 day of consolidation today. Possible we see a bit more if SPX stays under 5900 and QQQ fails to hold 515.. Good luck tomorrow everyone!!! 🙏

2.

+$180k the past 3 days. We're on track for $250k by Friday.

As $S&P 500(.SPX)$ approached 6000 we will be in a more Euphoric trading environment so it will be a risk/off area. Most likely we may see some resistance/pull back there so be careful trading in this range.

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