Option Strategies: .SPX, META& QQQ
1.
$Strategy(MSTR)$ The Risk/reward is finally favoring the upside 📈
MicroStrategy has finally reached a level where the risk-to-reward is starting to lean heavily to the upside. Lots of bearish sentiment surrounding this name lately which could provide opportunity when many are scared.
After ripping to the mid 400s earlier this year, the stock has pulled back over ~60% from the highs, landing right into the 150–160 demand zone that held multiple times in 2024. Last week, price finally showed signs of strength, catching a bid off that level while Bitcoin itself is stabilizing above 90k.
As you can see the 185 is a big level that has gotten rejected many times in the past. If we can break and hold above this level we could see an aggressive move back above 200.
If BTC holds 90k and starts reclaiming levels, MSTR is positioned to move sharply given how oversold it is on the weekly timeframe.
Trade Idea
MSTR above 186
MSTR 12/19 200C
Long Shares of MSTR at 185
Target: 280
Stop: 155
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2.
TRADE PLAN for Dec 3rd 📈
$S&P 500(.SPX)$ if it can close above 6849 on a daily candle we should see 6900-6921 next. Calls can work above 6849 for today. I'd stay bullish as long as 6800 holds
$Meta Platforms, Inc.(META)$ can test 662 by Friday if it holds above 646 today. Calls can work above 646.
$Tesla Motors(TSLA)$ gapping up 5, price action getting tighter on the daily chart, TSLA through 440 will set up for 450-460 next
$Invesco QQQ(QQQ)$ to 627 in play by Thursday if we see a close above 624 today. Calls can work above 624.
Good luck everyone!! 🫡
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