Trading Strategies: .SPX, NBIS& MU

EliteOptionsTrader
08-03 14:49

Hello everyone! Today i want to share some option strategies with you!

1

$Micron Technology(MU)$

Trade Idea: Aug 7th 900C

Trigger: 776 ✅

Targets: 850, 900 🎯

Stop: 750 🛑

MU dropped to 737 at the lows last week and rallied up to 930 on Friday.

MU ended up dropping 100+ points from the highs last Friday.

If MU can hold a higher low above 776 we should see a push back to 900, 956 again.

SNDK reports their earnings on August 5th so we can see another big move again in memory stocks.

2

$NEBIUS(NBIS)$

Trade Idea: Aug 28 200C

Trigger: 170 ✅

Targets: 190, 200 🎯

Stop: 160 🛑

NBIS dropped from 299 to 145 the past 7 weeks.

NBIS bounced from 145 to 204 the past 3 days.

If NBIS can print a higher low near 170 that can be an entry for a swing trade back to 200 leading into September.

Watch to see if NBIS can dip near 160-170 to consider shares/swinging calls.

3

$S&P 500(.SPX)$ TRADE PLAN 📈 📉

SPX bullish plan: SPX above 7500 | SPX Aug 5 7550C 📈 T: 7546, 7576 SL 7468

SPX bearish plan: SPX under 7500 | SPX Aug 5 7400P 📉 T: 7438, 7400 SL 7546

SPX bounced almost 200 points from Wednesday's lows into Friday.

SPX 7500 has proven to be a hard resistance level the past 2 months.

Watch to see if SPX can dip back near 7400 to go long again.

If SPX can get through 7500 this week we can see a push back to 7620.

For now it's in the middle of the range the past 2 months so the risk/reward near 7500 is very average for the upside.

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