Option Strategies: .SPX, NVDA& TSLA

EliteOptionsTrader
02-18

1.

$Tesla Motors(TSLA)$ Trade idea: TSLA Feb 21 370C 📈

Trigger: 363 ✅

Targets: 372,384 🎯

Stop: 350 🛑

TSLA- closed at 355.84. TSLA 363 is a breakout level for a move up to 384,400. Calls can work through 363 this week. I would avoid calls and puts if TSLA trades between 350-363. The price action can be trickier to trade in this range.

Image

2.

$NVIDIA(NVDA)$ Trade idea: NVDA Feb 21 142C 📈

Trigger: 140 ✅

Targets: 144,149 🎯

Stop: 137 🛑

NVDA- closed at 138.85. NVDA is setting up to test the previous ATH at 140 next week. NVDA above 140 can move back to 153+ after earnings. Calls can work near 140. I'd avoid calls under 136. Let's see if NVDA can run to 169 in March.

3.

$S&P 500(.SPX)$ WEEKLY TRADE PLAN ✅

CALLS: SPX above 6128 SPX Feb 19 6160C Target 6168,6187 📈

PUTS: SPX under 6071 SPX Feb 19 6030P, Target 6034,6017 📉

SPX- closed at 6114.63. SPX moved up to 6127 today but closed at 6114. If SPX starts to form a base above 6100 this week we will see a run to 6200 next. calls can work above 6128 this week.

I'd avoid calls under 6100. If 6100 breaks let it drop to 6071. Calls can work near 6071 if it an defend this level.

ImageImage

Options Hub
Welcome to Tiger Options Hub! Here you may talk and learn about all things on options trading!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment