Hello everyone! Today i want to share some option strategies with you!
1.
$.SPX(.SPX)$ 6000 incoming by next month. 6000 is a massive psychological resistance level because of the big round number. If SPX can break above 5900 we can see 6000 within 2 weeks. SPX through 6000 can run another 200-225 points this year. I'd stay bullish as long as 5800 holds leading into The election in early November.
đ Bullish Trade Plan - Above 5872 - Oct 23 5900C - Target 5900
đ Bearish Trade Plan - Under 5831 - Oct 23 5800P - Target 5800
2.
$Coinbase Global, Inc.(COIN)$ Trade Idea: Oct 25th 230C đĄ
Trigger: Above 216 đ
Target: 238 đŻ
Stop: 210 đ
Closed at 220.21. COIN broke out above 200 last week and closed at 220 on Friday. IF COIN can defend 216 as a higher low early this week we can see a move to 272 this year. Calls can work as long as 216 holds. COIN has been basing in a range for most of the year, especially since March. Let's see if COIN can run to 300+ Q1 2025.
3.
$NVIDIA Corp(NVDA)$ Trade Idea: Nov 1st 143C đĄ
Trigger: At 140 đ
Target: 148 đŻ
Stop: 137 đ
Closed at 138.00. NVDA tested 140 last Thursday but failed to break out above. NVDA through 140 this month can run to 148. Calls can work above 140. We can see one or two more attempts at 140 this upcoming week.
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