Hello everyone! Today i want to share some option strategies with u!
1.
$S&P 500(.SPX)$ TRADE PLAN 📈 📉
SPX bullish plan: SPX above 6400 SPX July 30 6460C T 6432,6469 SL 6369 📈
SPX bearish plan: SPX under 6334 SPX July 30 6300P T 6300,6279 SL 6369 📉
SPX moved from 6281 to 6395 at the highs last week.
If SPX can breakout above 6400 we can see another push towards 6485-6500 before a short term top forms.
We have FOMC, Core PCE, and tech earnings this week.
The only way the market starts to look more bearish is if SPX fails to hold 6300 this week.
Calls can work above 6400
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2.
$Robinhood(HOOD)$ Trade idea: HOOD August 1 110C
Trigger: 105 ✅
Targets: 111, 115 🎯
Stop: No SL 🛑
Has been basing above 100 the past 4 trading days.
HOOD reports their earnings on Wednesday after the market closes.
There’s a 10 pt move priced in for this earnings.
HOOD to 111-115 in play if there’s a positive reaction to earnings.
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3.
$Palantir Technologies Inc.(PLTR)$ Trade idea: PLTR Aug 1 165C
Trigger: 160 ✅
Targets: 166, 171 🎯
Stop: 153 🛑
Broke out above 153 last week and tested 160. PLTR Through 160 can test 166,171 next.
Calls can work above 160 for this week. If PLTR fails at 148 I’d avoid calls. PLTR under 148 can drop to 140 again.
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