Option Strategies: .SPX, TSLA& MSTR

1.

$S&P 500(.SPX)$ TRADE PLAN 📈 📉

SPX bullish plan: SPX above 6469 | SPX Aug 27 6500C T 6500,6525 SL 6369 📈

SPX bearish plan: SPX under 6427 | SPX Aug 27 6380P T 6400,6369 SL 6468 📉

SPX broke out above 6400 on Friday and ran to 6478.

If SPX can get through 6500 we can see 6528,6559 next.

Calls can work above 6468 as a lotto.

Calls can also work above 6500 this week.

If SPX fails at 6427 I’d consider puts for a move to 6400.

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2.

$Strategy(MSTR)$ Trade Idea: Aug 29 370C

Trigger: 354 ✅

Targets: 363, 380 🎯

Stop: 342 🛑

After a 7 week pull back, MSTR started to show some signs of life this past week.

MSTR dropped to 324 and touched 359 at the highs by Friday.

MSTR through 363 can test 380-390 this week.

We need to see Bitcoin above 118k in order for MSTR to gain more momentum.

Let’s see if MSTR can hold a higher low above 354 and breakout this week.

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3.

$Tesla Motors(TSLA)$ Trade Idea: Aug 29 355C

Trigger: 343 ✅

Targets: 350, 357 🎯

Stop: 334 🛑

TSLA moved from 319 to 340 on Friday.

TSLA price action looked much stronger on Friday compared to the past 2 weeks.

If TSLA can break above 343 we can see 350 test.

TSLA through 350 can run to 357, 368.

Calls can work above 343 for this week.

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