Option Strategies: .SPX, MSTR& NVDA
Hello everyone! Today i want to share some trading ananlysis with you!
1.
$Strategy(MSTR)$ Trade idea: MSTR April 17 320C
Trigger: 300 ✅
Targets: 324,337 🎯
Stop: 281 🛑
MSTR- closed at 299.98. MSTR looks like a double bottom forming above 245. IF MSTR can breakout above 300 and Bitcoin gets through 85k we can see MSTR back to 337-351 range again. Bitcoin through 90k is much more bullish for crypto and risk assets. Calls can work above 300 for MSTR.
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2.
$NVIDIA(NVDA)$ Trade idea: NVDA April 17 114C
Trigger: 108 ✅
Targets: 113,120 🎯
Stop: 105🛑
NVDA- closed at 110.93. NVDA dip was bought up at 86 on April 7th. NVDA looks like it may have bottomed in the 88-90 range in the short term. IF NVDA can base above 100 we can see a move to 123-127. Calls can work above 108 this week. Calls can also work above 113.
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3.
$S&P 500(.SPX)$ WEEKLY TRADE PLAN ✅
CALLS: SPX at 5374 SPX April 15 5500C Target 5500 📈
PUTS: SPX under 5300 SPX April 15 5200P, Target 5200 📉
SPX- closed at 5363.36. SPX had an extremely volatile week last week but the dip ended up getting bought up at 4835. SPX moved up 500+ points from Last week's lows. It's possible we printed a bottom this past week.
SPX dipped near the 2022 highs before the market made a major top and held. If SPX can defend the 5118 support this week and hold up above 5118 after tech earnings the next 3 weeks, we should see a new uptrend arise. I'd lean more bearish under 5000. SPX through 5400 can test 5500 this week.
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