Option Strategies: .SPX, HOOD& PLTR

EliteOptionsTrader
06-17

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

1.

$S&P 500(.SPX)$ 7000 Loading… 📈

After consolidating for weeks in a tight range between 5700–6070, $SPX looks ready to move thru all time highs. Despite headline risk and macro noise, the market has remained impressively resilient with every dip continuing to find strong buyers. As we approach late June with FOMC and OPEX this week momentum is building and it’s only a matter of time before we test ATH’s and squeeze another 300-500 pts to the upside. It’s also very possible we hit 7000 by year end if we see enough momentum during the ATH break!

Here’s what I’m watching in the months ahead:

Scenario #1: Extreme Bull

SPX continues to coil just below all-time highs for a few more weeks before breaking out above 6160. We push to 6300, retest the breakout of 6160, and then kick off a 2–3 month rally that drives us toward the psychological 7000 mark.

Scenario #2: Bear Trap to Bull

SPX breaks below 5900, triggering fear and drawing in shorts expecting a larger pullback. But the dip holds near 5650, traps the bears, and launches a snapback move that breaks ATHs and grinds higher toward 7000, with healthy consolidations along the way.

Scenario #3: Extreme Bear

SPX breaks above 6150, triggering a bullish breakout but quickly reverses, trapping buyers. The index sells off to 5900, then slips further to 5500 as sentiment shifts from optimism to caution. After a retest and hold of 5200, $SPX slowly recovers, grinding back toward 6000 by year-end with weakened momentum.

The path to 7000 likely won’t be clean: expect shakeouts, fakeouts, and narrative shifts. But as long as key levels continue to hold, the broader structure remains bullish.

Stick to your plan. Stay disciplined. Let’s see just how far this rally can go in 2025.

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2.

TRADE PLAN for Tuesday ✅

$S&P 500(.SPX)$ moved near 6051 in the first hour but stopped and dropped 20+ into the close.

SPX is in a wider from 6000-6051 for now. SPX needs through 6051 to test 6100.

SPX 6080C can work above 6051

$Robinhood(HOOD)$ 77 is a breakout level for a run to 85+. Once HOOD closes through 85 it will run to 100.

HOOD July 25 85C is best above 77

$Palantir Technologies Inc.(PLTR)$ is setting up for 150+ by next week. If PLTR can defend 140 after FOMC we will see a continuation higher.

PLTR 145C can work above 142

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