EliteOptionsTrader
EliteOptionsTrader
Brando- Options trader for 13 years. Here to spread my knowledge and help others.
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Trading Strategies: .SPX, NBIS& MU

Hello everyone! Today i want to share some option strategies with you! 1 $Micron Technology(MU)$ Trade Idea: Aug 7th 900C Trigger: 776 βœ… Targets: 850, 900 🎯 Stop: 750 πŸ›‘ 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 βœ… Targets: 190, 200 🎯 Stop: 160 πŸ›‘ 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
Trading Strategies: .SPX, NBIS& MU

TRADE PLAN for LOTTO Friday πŸ”₯

1 $S&P 500(.SPX)$ what a bounce today, SPX +120 SPX if it reclaims 7500 we can see all time highs again in August. Calls can work above 7420 tomorrow $Micron Technology(MU)$ the bottom is in. The stock dropped from 1250 to 705. If it gets through 900.. 1000 comes fast. MU July 31 930C can work above 900 $Microsoft(MSFT)$ up 17% after earnings. MSFT has been in a downtrend for months. If MSFT can form a new base above 440.. we can see 500 by September. Calls can work above 450 tomorrow. Good luck tmrw everyone!! πŸ“ˆ 2 STOP TRADING UNTIL THIS HAPPENS. Before I decide how aggressive to be, I check the
TRADE PLAN for LOTTO Friday πŸ”₯

TRADE PLAN for Thursday πŸ“ˆ

Hello everyone! Today i want to share some trading ideas with you! TRADE PLAN for Thursday πŸ“ˆ $S&P 500(.SPX)$ massive sell off after FOMC today. SPX dropped 130+ points from the highs. If SPX gives up 7300 we can see a drop to 7228,7200. SPX July 31 7200P is best under 7300$Micron Technology(MU)$ to 651 in play, It couldn't hold above 800 today. The trend is still lower.. 651 is the buy zone leading into August. $SanDisk Corp.(SNDK)$ 2350+ to 1000 so far on this downtrend. If SNDK can flush another 100 points towards 900 I would consider buying shares/calls for a swing trade.
TRADE PLAN for Thursday πŸ“ˆ

TRADE PLAN for FOMC Wednesday πŸ“ˆ

There's 2 levels to watch for $S&P 500(.SPX)$ the next 3 days. 1. Above 7500 = Bullish 2. Under 7400 = Bearish 3. Between 7400-7500= More chop. If you find yourself taking 50 trades a week with SPX stuck between 7400-7500, You need to size down and stop trading. Wait for the momentum first. There's a chance they raise rates tomorrow. If that happens, SPX to 7000 can come fast. We need to see Memory stocks and Chip stocks catch a bid and bottom out before going long again. Be patient and stay on your toes tomorrow. It's going to be a volatile one. Good luck everyone!! 🫑
TRADE PLAN for FOMC Wednesday πŸ“ˆ

TRADE PLAN for Tuesday πŸ“ˆ

TRADE PLAN for Tuesday πŸ“ˆ $S&P 500(.SPX)$ 100 pt intraday move from the highs to lows today. SPX managed to defend 7400 but we're already seeing lots of volatility before FOMC on Wednesday. If SPX can hold 7400 after FOMC we can see 7500 again. If 7400 fails, puts can work. $ARM Holdings(ARM)$ earnings coming up on Wednesday, if there's a positive reaction.. ARM to 300 in play. ARM July 31 300C can work above 2700 $Micron Technology(MU)$ keep an eye on 821 this week if it fails, MU to 650 possible on a panic sell. $SanDisk Corp.(SNDK)$ to 1100 as well if we
TRADE PLAN for Tuesday πŸ“ˆ

The World's Most Famous Bear is Calling for Another Selloff

The world's most famous bear is calling for another selloff $Palantir Technologies Inc.(PLTR)$ is down nearly 40% from ATHs and Michael Burry still hasn't fully closed his short position, but the stock hasn't made a new low in 8 months After an almost 50% pullback from ATHs at 208 to 106, $Palantir Technologies Inc.(PLTR)$ is right back near its key 140 level after defending the buy zone at 117. If $Palantir Technologies Inc.(PLTR)$ manages to break past 140, it can retest 166 and 200 after that, which means Burry will get squeezed out on the way up. If upcoming earnings go poorly, Burry gets paid if
The World's Most Famous Bear is Calling for Another Selloff

Option Strategies: MU, META& .SPX

Hello everyone! Today i want to share some trading strategies with you! 1 $S&P 500(.SPX)$ TRADE PLAN πŸ“ˆ πŸ“‰ SPX bullish plan: SPX above 7500 | SPX July 30 7550C πŸ“ˆ T: 7546, 7576 SL 7468 SPX bearish plan: SPX under 7400 | SPX July 30 7300P πŸ“‰ T: 7333, 7300 SL 7438 SPX dropped from 7525 to 7396 this past week. If SPX fails to defend 7400 after FOMC we can see a dip back to 7233 again. Puts can work under 7400 this week. If SPX pops up to 7468 and fails to hold, puts can also work. I'd wait for more positive news flow on the macro side before considering calls again. 2 $Meta Platforms, Inc.(META)$ Trade Idea: July 31 550P Trigger: 600 βœ… Targets: 544, 530 🎯 Stop: No SL πŸ›‘ META re
Option Strategies: MU, META& .SPX

TRADE PLAN for LOTTO Friday πŸ“ˆ

$S&P 500(.SPX)$ closed -90 on the day. If SPX gives up 7400 and closes under tomorrow we can see another dip towards 7330-7340 leading into FOMC on Wednesday. I would treat the upside as a quicker day trade until we see 7500 again. $Invesco QQQ(QQQ)$ almost dropped back to the June lows near 686 again but held and closed near 692. As long as 686 holds the uptrend is still intact this summer. QQQ under 686 can drop another 20-25 pts. $Micron Technology(MU)$ will test 1250 again this year. We need to see if MU can continue to form a base above 900 into August. MU July 24 1020C is best as a lotto above 1000 Good luck
TRADE PLAN for LOTTO Friday πŸ“ˆ

TRADE PLAN for Thursday πŸ“ˆ

TRADE PLAN for Thursday πŸ“ˆ $S&P 500(.SPX)$ tried to breakout above 7500 again today but failed. SPX Needs a daily candle close above 7500 to set up for 7600+ after FOMC next week. SPX July 23 7520C is best above 7500 $SanDisk Corp.(SNDK)$ winding up for a move back to 1800. For tomorrow wait for SNDK to back test 1600 then look at calls for a push back up to 1670-1700 SNDK July 24 1800C is best above 1600 $NVIDIA(NVDA)$ reclaimed the key support level at 212 today. NVDA to 220 in play as long as 212 holds over the next 2 days. NVDA July 31st 220C can work above 215 Good luck tmrw everyone!! 🫑
TRADE PLAN for Thursday πŸ“ˆ

MU: The Single Biggest Driver of the Recent Rally

$Micron Technology(MU)$ lost $350B in market cap in a week, then made half of it back in two days $Micron Technology(MU)$ is right outside of 1000, up almost 200 pts after a violent backtest of 800. Through 1000 and $Micron Technology(MU)$ can quickly retest ATHs, through ATHs and it'll gravitate towards 1500. 845 and 800 absolutely need to hold, otherwise $Micron Technology(MU)$ can see a flush towards 650 Key Catalysts Memory price shock: Morgan Stanley now sees Q3 memory prices rising 25% from Q2 on AI-driven shortages, the single biggest driver of the recent ral
MU: The Single Biggest Driver of the Recent Rally

TRADE PLAN for Wednesday πŸ“ˆ

$S&P 500(.SPX)$ closed +65 on the day and reclaimed 7500. If SPX can defend this level after $Alphabet(GOOGL)$ and $Tesla Motors(TSLA)$ earnings tmrw we can see all time highs again by next week. SPX July 22 7530C can work above 7500 $Micron Technology(MU)$ is winding up for a run to 1100+ if it can get back through 1000. MU should be bottomed now as long as 900 holds over the next 2 weeks. MU July 24 1050C can work above 980 $SanDisk Corp.(SNDK)$ to 1800 in play if it holds a higher low above 158
TRADE PLAN for Wednesday πŸ“ˆ

TRADE PLAN for Tuesday πŸ“ˆ

TRADE PLAN for Tuesday πŸ“ˆ $S&P 500(.SPX)$ gapped up and tried to reclaim 7500 but failed again. The price action is still a bit bearish here after a 70+ pt reversal from the highs. If SPX gives up 7430 it can drop to 7400 next. SPX July 22 7400P is best under 7430 $Invesco QQQ(QQQ)$ 2 days in a row it tried to reclaim 700 and also failed. If QQQ breaks under 693 it can test 686 again. QQQ under 686 can drop another 20+ points. QQQ July 22 690P is best under 693 $Micron Technology(MU)$ stopped right at 900 this morning. Let's see if it can form a base above 821 leading into August. If MU fails at 821 we can see anoth
TRADE PLAN for Tuesday πŸ“ˆ

ARM is Broken and the AI CPU Trade is Over

$ARM Holdings(ARM)$ is broken and the AI CPU trade is over At least that’s what the market is pricing after a 46% crash in three weeks. There’s just one problem: the chip everyone is selling hasn’t shipped a single unit yet. 453 to 243 in four weeks. Downgrades, valuation calls, ETF outflows, every bear argument hit at once. But look where the selling stopped: $ARM Holdings(ARM)$ is backtesting its breakout zone just above 189, the level that capped this stock for two years before the breakout. Price has held it so far. Growth Catalyst The core business is compounding while the new one loads. $ARM Holdings(ARM)$ closed
ARM is Broken and the AI CPU Trade is Over

Option Strategies: MU& SNDK

$SanDisk Corp.(SNDK)$ Trade Idea: July 24 1200P Trigger: 1350 βœ… Targets: 1250, 1200 🎯 Stop: 1400 πŸ›‘ SNDK has pulled back from 2354 to 1325 since June 22nd. If SNDK fails to hold 1277 it can flush down to 1065, 1000 in the next few weeks. If SNDK can reclaim 1500 I would start looking at calls again for a bounce to 1600, 1660. Puts can work under 1350 this upcoming week. $Micron Technology(MU)$ Trade Idea: July 24 700P Trigger: 821 βœ… Targets: 734, 700 🎯 Stop: 851 πŸ›‘ MU dropped from 1255 to 804 since June 25th. If MU gives up 821 this upcoming week it can pull back to 778, 734, 700 next. It's possible we see a flush back to 651 before a bottom forms. The price action is still not
Option Strategies: MU& SNDK

$SPX TRADE PLAN πŸ“ˆ πŸ“‰

$S&P 500(.SPX)$ SPX bullish plan: SPX above 7500 | SPX July 22 7550C πŸ“ˆ T: 7546, 7576 SL 7468 SPX bearish plan: SPX under 7438 | SPX July 22 7400P πŸ“‰ T: 7400, 7382 SL 7468 SPX dropped 140 points from Thursday into Friday last week. If SPX fails to reclaim 7500 by Wednesday we can see another pull back to 7400, 7360 next. Puts can work under 7438 or 7400 this upcoming week. I'd wait for 7500 to start looking at calls.
$SPX TRADE PLAN πŸ“ˆ πŸ“‰

TRADE PLAN for Thursday πŸ“ˆ

$S&P 500(.SPX)$ is still trading in a range from 7500 to 7600 the past 4 trading days. Watch to see if SPX can breakout above 7600 in the next 2 days. SPX July 17 7620C is best near 7600 $Meta Platforms, Inc.(META)$ +20 on the day today. META to 700 inbound if it holds above 675 over the next 2 days META July 17 690C is best above 680 $Invesco QQQ(QQQ)$ dropped to 710 and closed at 717, if QQQ can get back to 722 we'll see a move to 726,731 again. As long as QQQ can hold 712 it still looks bullish this week. Chip stocks and Memory stocks had a weaker day today. We saw a bit of rotation into the Mag 7. Let's see i
TRADE PLAN for Thursday πŸ“ˆ

NVDA IS One Candle Away

$7,000,000,000,000. No company has ever touched it. $NVIDIA(NVDA)$ is one candle away $NVIDIA(NVDA)$ is nearing the end of its 3 month range between 200 and 236, and is finally poised to break that key 212 level to retest ATHs at 236. Through 236 we gravitate towards key psychological levels: 250 and 300, putting $NVIDIA(NVDA)$ above $7.2T MCAP Tech Earnings πŸ€– The rest of the month is full of earnings reports from the biggest players in the AI trade. $ASML Holding NV(ASML)$ and $Taiwan Semiconductor Manuf
NVDA IS One Candle Away

TRADE PLAN for Wednesday πŸ“ˆ

$S&P 500(.SPX)$ held the gap today and closed near 7550. PPI numbers coming premarket tmrw, if there's a positive reaction SPX can set up for 7600+. SPX July 15 7580C can work above 7560 $NVIDIA(NVDA)$ winding up for a move to 221 if it can breakout above 212 this week. NVDA July 24 215C is best above 212 $Micron Technology(MU)$ all about that 1k level this week, needs to get through to run another 80-100 points. Wait for MU to close above 1000 on a daily candle first. $Invesco QQQ(QQQ)$ rejected at 722 multiple times today, needs through 722 to run to 726,
TRADE PLAN for Wednesday πŸ“ˆ

SPX can Add Another $10T in Value by EOY if the Next 2 Weeks Deliver

$S&P 500(.SPX)$ can add another $10T in value by EOY if the next 2 weeks deliver 8 weeks is a long time to be patient. But that’s how long $SPX has been ranging, stuck between ATHs at 7620 and a floor near 7250. Here are three key scenarios you should prepare for going into the next few weeks (The last scenario is the MOST dangerous for profitable traders) πŸ‘‡ New ATHs πŸ‚ Financials report strong earnings. CPI data comes in cooler than expected. Tech earnings between now and next week ($Netflix(NFLX)$, $Tesla Motors(TSLA)$, $ASML Holding NV(ASML)$,
SPX can Add Another $10T in Value by EOY if the Next 2 Weeks Deliver

TRADE PLAN for Tuesday πŸ“ˆ

$S&P 500(.SPX)$ is currently on week 6 of a consolidation from 7228-7620. Until we see above 7620 or under 7228, It's a quicker trade environment. For tomorrow if SPX gives up 7500 Avoid calls. SPX to 7438 in play if 7500 fails. SPX July 15 7450P can work under 7500 $Invesco QQQ(QQQ)$ dropped 1.9% today. If QQQ fails to reclaim 712 tomorrow we can see another flush to 700. QQQ under 700 can Test the June lows at 686. QQQ July 15 708P is best under 712 $Micron Technology(MU)$ and $SanDisk Corp.(SNDK)$ are still in a consolidation phase. Keep an eye on 821 fo
TRADE PLAN for Tuesday πŸ“ˆ

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