Option Strategies: TSLA, NVDA& .SPX

EliteOptionsTrader
11-04

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

1.

$.SPX(.SPX)$ can move 100+ pt this week depending on the election and FOMC. SPX can set up for 6000+ this month if it can reclaim 5872. IF SPX breaks 5670, SPX can test 5600 by Thursday. Id wait until Wednesday to see if SPX reclaims 5767 or breaks 5670 before considering calls/puts

📈 Bullish Trade Plan - Above 5767 - Nov 6 5800C - Target 5800

📉 Bearish Trade Plan - Under 5700 - Nov 6 5650P - Target 5650

2.

$NVIDIA Corp(NVDA)$ Trade Idea: Nov 15th 143C 💡

Trigger: Near 140 📈

Targets: 144, 148 🎯

Stop: 137 🛑

Closed at 135.40. NVDA struggled near 144 the past 2 weeks and dipped to 132 this past Thursday. We can see a range from 131-144 until after FOMC. If NVDA breaks 131 it can test 126 next. Puts can work under 131. Calls can work near 140. NVDA news came out afterward it is replacing intel in the Dow Jones Industrial Average. If NVDA can reclaim 140/144, 148 is in play.

3.

$Tesla Motors(TSLA)$ Trade Idea: Nov 8th 250C 💡

Trigger: At 244 📈

Target: 252 🎯

Stop: 240 🛑

Closed at 248.98. TSLA had printed 5 consecutive red days in a row. TSLA dropped from 273 to 246 this past week. If TSLA can back test 244 and hold after FOMC we can see a bounce to 258-265 range this week. Calls can work near 244.

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