Option Stratgies: .SPX, QQQ& META

EliteOptionsTrader
08-02

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

1.

$S&P 500(.SPX)$ ran almost 1600 points since the April 7th lows. We're starting to see signs of a deeper pull back after a green to red move in both $S&P 500(.SPX)$ and $Invesco QQQ(QQQ)$ Yesterday even after a Big gap up on $Meta Platforms, Inc.(META)$ $Microsoft(MSFT)$ earnings.

In terms of seasonality, August is a more bearish month. This is usually the time most traders give back all their gains from June and July.

70% of traders will end up flat or in the red by the end of the summer. Do not be a part of this statistic.

Stay patient and do not force trades to the upside in August. Let's crush this month together. Have a great weekend everyone! 🫡

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