Hello everyone! Today i want to share some option strategies with you!
1.
Big week coming up with $Alphabet(GOOGL)$ $Meta Platforms, Inc.(META)$ $Microsoft(MSFT)$ $Amazon.com(AMZN)$ $Apple(AAPL)$ $Advanced Micro Devices(AMD)$ earnings đ
AAPL GOOGL MSFT AMZN all have been in a 4 month consolidation since last earnings. $Meta Platforms, Inc.(META)$ is the only one that is near ATH.
AMZN target after earnings: $200 đŻ
GOOGL target after earnings $179 đŻ
MSFT target after earnings $450 đŻ
These 3 have been forming long bases for most of the year. IT looks like they can catch up to $Meta Platforms, Inc.(META)$ $Apple(AAPL)$ leading into November.
2.
$Tesla Motors(TSLA)$ Trade Idea: Nov 1st 275C đĄ
Trigger: Above 271 đ
Target: 284 đŻ
Stop: 265 đ
Closed at 269.19. TSLA through 271 this week can run to 284,290. 271 is a key resistance level to set TSLA up for a run to 300 this year. Calls can work above 271.
3.
$Palantir Technologies Inc.(PLTR)$ Swing Trade Idea: Dec 27th 50C đĄ
Trigger: Above 44 đ
Target: 50 đŻ
Stop: 42 đ
Closed at 44.86. PLTR finally closed above the 44 resistance on Friday. If PLTR can defend 44 this week we can see 50 in November. PLTR through 50 can run to 66 Q1 next year. Calls can work above 44
4.
$.SPX(.SPX)$ showed signs of a breakout on Friday but reversed back near 5800 by the close. SPX printed day 10 of consolidation under 5872. SPX can trade in a range again leading into $Meta Platforms, Inc.(META)$ $Microsoft(MSFT)$ $Apple(AAPL)$ earnings. If SPX can close above 5848 on a daily candle we can see 5900+ by Friday. Calls can work if SPX defend 5800 or through 5848
đ Bullish Trade Plan - Above 5848 - Oct 30 5880C - Target 5880
đ Bearish Trade Plan - Under 5800 - Oct 30 5750P - Target 5750
Follow me to learn more about analysis!!
Comments