Option Strategies: META, NFLX& .SPX

EliteOptionsTrader
03-10

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

1.

$Meta Platforms, Inc.(META)$ Trade idea: META 14 635C

Trigger: 623 ✅

Targets: 633,645 🎯

Stop: 610 🛑

META- closed at 625.66. META dropped 140 points in the past 3 weeks. META held 600 on Friday and closed at 625. If META can defend 610 as a higher low we can see a move back up towards 657 this week. Calls can work above 623

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2.

$Netflix(NFLX)$ Trade idea: NFLX March 14 920C 📈

Trigger: 900 ✅

Targets: 920,931 🎯

Stop: 891 🛑

NFLX dropped from 1064 to 858 in the past 3 weeks. NFLX tested the support level at 863 on Friday and held We can see a bounce to 941 if NFLX can reclaim 900 this week. Calls can work through 900. If NFLX back tests 881 and holds, calls can also work

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3.

$S&P 500(.SPX)$ WEEKLY TRADE PLAN ✅

CALLS: SPX above 5767 SPX March 12 5850C Target 5800,5848 📈

PUTS: SPX under 5700 SPX March 12 5650P, Target 5670,5600 📉

SPX closed at 5770.20 on Friday. SPX dropped 485 points in the past 3 weeks. SPX tested the 5670 support level on Friday and held. We saw a 100+ pt bounce in the close. If SPX can hold a higher low above 5729 this week we can see a move back up to 5880.

IF there's a positive reaction to CP| data we should see the market start a rally higher by mid week. Calls can work above 5767 or through 5800. If SPX dips to 5729 and holds, calls can also work.I'd consider puts under 5700 or 5670 this week

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