Hello everyone! Today i want to share some option strategies with you!
1.
$.SPX(.SPX)$ failed to breakout above 6000 last weekend ended up dropping 164 pts into Friday. If SPX can start to form a bottom in the 5848-5880 range this week we can see a rally back to 5938-5973 by the of the week. Calls can work above 5880 or 5900 this week. Puts can work under 5848 for a move to 5800.
Bullish trade plan: SPX above 5900 SPX Nov 20 5940C T 5938
Bearish trade plan: SPX under 5848 SPX Nov 20 5800P T 5800
2.
$Coinbase Global, Inc.(COIN)$ trade idea: COIN Nov 22 320C đĄ
Trigger: 308 â
Targets: 328,342 đŻ
Stop: 300 đ
COIN dip was bought up at 272 last week and moved up to 305+ by Friday. COIN is now in a wider range from 272-328. This week, If COIN can breakout above 308 and Bitcoin can move back in the 93-94k range, We can see CON set up for a run to 342,351 .extn
3.
$Tesla Motors(TSLA)$ Trade Idea: TSLA Nov 29 350C đĄ
Trigger: 328 â
Targets: 350,363 đŻ
Stop: 321 đ
TSLA closed at 320.72. TSLA dipped from 358 to 303(premarket Friday last week). TSLA dip was bought up last Friday. We can see 1-2 more days of volatility in this 300-328 range before the next move higher comes. Calls can work above 328 or on a 313 backtest over the next 2 weeks. TSLA above 328 can run to 350,363.
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