Hello everyone! Today i want to share some option strategies with you!
1
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
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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