Option Strategies: TSLA, NVDA, .SPX& Meta
Hello everyone! Today i want to share some option strategies with you!
1.
$NVIDIA(NVDA)$ after a 7 month consolidation, NVDA is on the verge of a bigger breakout. IF you missed the entry near the previous all time high at 140, Don't miss the 153 breakout level.
Trigger: $NVIDIA(NVDA)$ at 153 ✅
Trade idea: $NVIDIA(NVDA)$ Jan 17 156C
Targets: 158,163 🎯
NVDA tested 153 and has since consolidated for about 5 weeks. If NVDA can get through 153 in the next few days it will run to 158-163 quickly. Keep a close eye on 153 it's the next best trade for chip stocks. Let's see how the market reacts to Jensen Huang's keynote later tonight!
2.
TRADE PLAN for Tuesday 📈
$.SPX(.SPX)$ big gap up today but rejected at 6000. If SPX can breakout above 5973 tomorrow we can see 6000 again by Wednesday
SPX 6000C can work above 5973
$Meta Platforms, Inc.(META)$ big breakout above 610 today. META 638 test in play this week. META above 638 an run to 657
META 640C can work above 633
$Tesla Motors(TSLA)$ if it reclaims 414 it will set up for 429+.
425C is best above 414 this week
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