Option Trading Strategies: MU, NVDA& .SPX
Hello everyone! Today i want to share some
1
$S&P 500(.SPX)$ TRADE PLAN π π
SPX bullish plan: SPX above 7759 | SPX Aug 12 7800C π T: 7800, 7849 SL 7720
SPX bearish plan: SPX under 7700 | SPX Aug 12 7620P π T: 7620, 7600 SL 7730
SPX printed a new all-time high at 7793 last week after breaking out above the previous ATH at 7620.
If SPX can get through 7800 it can run to 8000 next.
As long as 7700 holds, I'd stay bullish this upcoming week.
Calls can work above 7759.
2
Trade Idea: Aug 21 230C
Trigger: 225 β
Targets: 232, 236 π―
Stop: 221 π
NVDA moved from 190 to 224 the past 2 weeks.
If NVDA can breakout above 225 this week it can run to 232, 236.
NVDA through 236 will set up for 250+.
Calls can work above 225 this week.
3
Trade Idea: Aug 14 970C
Trigger: 900 β
Targets: 970, 1000 π―
Stop: 880 π
MU tested 900 3 times last week but failed to breakout above.
MU needs to form a new base above 900 to set up for the 930 test.
Once MU can breakout above 930 it can run to 1000, then up to 1049.
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