Option Strategies: .SPX, QQQ, PLTR& TSLA
Hello everyone! Today i want to share some trading strategies with you!
1
Trade Idea: Oct 16 390C
Trigger: 383 ✅
Targets: 390, 400 🎯
Stop: 375 🛑
TSLA is winding up for a move to 400-414 on this next leg higher.
As long as we see TSLA start to build a new base above 368, Calls will be in play above 383 this week.
If TSLA starts getting more positive news flow we can see 500 again by Q1 2027.
TSLA through 500 can run to 700+
2
$Palantir Technologies Inc.(PLTR)$
Trade Idea: Oct 23 215C
Trigger: 207 ✅
Targets: 217, 223 🎯
Stop: 200 🛑
Printed a new all time high at 209 after almost 1 year of consolidation.
PLTR to 240 is possible on this next leg higher.
As long as PLTR holds 207 I would consider calls this week.
PLTR to 300 in play next year.
We’re seeing a rotation out of chip and memory and into more software stocks this past week as well.
3
$S&P 500(.SPX)$ Trade Ideas
Bullish: Oct 14 7850C
Trigger: 7800 ✅
Targets: 7844, 7886 🎯
Stop: 7772 🛑
Bearish: Oct 14 7700P
Trigger: 7750 ✅
Target: 7700.767 🎯
Stop: 7772 🛑
SPX daily chart is priming for a move to 8000 contrary to what 90% of Fintwit is thinking.
SPX closed at 7811 on Friday after a sharp sell off last Thursday.
SPX to 7844,7886 in play as long as 7800 holds this week.
CPI data is coming out on Wednesday Premarket as well.
If there’s a positive reaction we can see a new all time high by Mid week.
Every dip you see the next 3 weeks will be a buy the dip scenario.
4
Trade Idea: October 14 751C
Trigger: 748 ✅
QQQ closed at 751.27 on Friday.
QQQ tried to reverse back under 748 last Thursday but gapped up on Friday and held this level.
QQQ to 770 in play on the next leg higher.
We have CPI data, FOMC, and tech earnings coming this month so these will be the necessary catalysts to help QQQ push to 800.
I’d stay bullish as long as 742 holds during the month of October.
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