Aug 6th Premarket TRADE PLAN ✅

EliteOptionsTrader
08-06

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

$S&P 500(.SPX)$ another gap up today but lets see if it can follow through to the upside. The past 2 days SPX gapped up we saw lots of chop. SPX Under 6300 can sell off to 6251.

$Invesco QQQ(QQQ)$ under 560 can drop to 556,550. QQQ needs near 568 to look more bullish. I'd be careful trading the upside this week.

$Tesla Motors(TSLA)$ to 300 in play if it can't reclaim 309 by tomorrow. Puts can work under 309.

Most pops have been sold lower since last Thursday so don't over size your trades for the upside in this environment. August is historically a trickier month to trade. Good luck today everyone! 🫡

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