Option Strategies: .SPX, NVDA& AVGO

EliteOptionsTrader
07-07

1.

$Broadcom(AVGO)$ Trade idea: AVGO July 11 280C

Trigger: 276 βœ…

Targets: 282,293 🎯

Stop: 265 πŸ›‘

Last Week Recap:

AVGO closed at $275.18 on Thursday - right underneath key resistance at $276. Price has been coiling just below that level, and now it's decision time. Bulls are pressing, but need to break through to open up the next leg.

Key Levels:

Resistance: 8276 - breakout level. Above that watching for upside targets at $282 and

Support: $265 β†’ must hold to avoid breakdown risk. If that fails, $252 could come fast.

What I'm Watching:

If AVGO can break and hold above $276 early in the week, there's a clean setup for move toward 282, possibly even 293. But if it fades and loses $265, the uptrenc weakens and we could slide back to 252 support.

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2.

$NVIDIA(NVDA)$ Trade idea: NVDA July 11 160C

Trigger: 158 βœ…

Targets: 163,169 🎯

Stop: 153 πŸ›‘

Last Week Recap:

NVDA closed at $159.34 on Thursday, holding higher after a clean bounce off support earlier in the week. It's been stuck in a wide range between $153 and $163, but now it's pushing back toward the top of that zone β€” and if we break out, there's room to squeeze.

Key Levels:

Resistance: $163 β†’ needs to clear this level to open up more upside. Abov hat, watching for a move into $166, then $169

Support: $153 β†’ this is the key level to hold. If it cracks, $144 could come back into play fast.

What im watching:

If NVDA can hold over $153 and push through $163 with some strength, we can get a clean move toward 169. But if $153 fails early in the week, momentun shifts and we could be right back in the mid-$140s

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3.

$S&P 500(.SPX)$ TRADE PLAN πŸ“ˆ πŸ“‰

CALLS: SPX above 6300 SPX July 9 6350C T 6339,6369 SL 6279 πŸ“ˆ

PUTS: SPX under 6251 SPX July 9 6200P T 6200,6187 SL 6279 πŸ“‰

Last Week Recap:

SPX ripped over 135 points last week and hit new all-time highs at 6284.

Bulls controlled the entire week, pushing through key levels with strength.

Momentum is still strong, and now all eyes are on the next major resistance zone up ahead.

Key Levels:

Resistance: 6300 - key breakout level. If it clears, watch for upside targets at 6334 and 6369.

Support: 6230 β†’ needs to hold. If it breaks, we could see a dip back to 6200.

What I'm Watching:

SPX is trending strong, but it's now right under 6300 - which is a big psychological level. If bulls can break through that with follow-through, there's room for continuation into the mid-6300s. But if 6230 fails, expect a quick retest of 6200.

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