Option Strategies: .SPX, NVDA& AVGO

EliteOptionsTrader
05-29

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

1.

TRADE PLAN for Thursday ✅

$S&P 500(.SPX)$ sharp sell off into the close under 5900 today but futures gapping higher after hours now. For tomorrow if SPX can hold above 5938 calls can work for a move to 6000.

$NVIDIA(NVDA)$ up 6 pts after earnings. If NVDA can defend 140 leading into June, All time highs at 153 coming again.

NVDA June 6 142C is best above 140

$Broadcom(AVGO)$ to 252 in play this week. Possible we see AVGO move to 260 before earnings next week

AVGO 250C can work above 246

The market sold off into the close but is now gapping higher after $NVDA earnings. Let's see if the market can breakout higher tomorrow. Good luck tmrw everyone!! 🫡

2.

If I just started trading while working a 9-5 this is exactly how I would do it. 👇

1. Spend 30-60min EACH NIGHT reviewing charts- Narrow down your watchlist to the best setups for the next day.

2. Set price alerts on your phone so you know when a stock crosses your entry point.

3. Try my best to trade the first 90 minutes of the day( This is typically when you see the most action)

4. DO NOT trade 0dte or Weeklies. Focus on swing trading.

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