Option Strategies: TSLA, NFLX& SPY

1.

$S&P 500(.SPX)$ TRADE PLAN 📈 📉

SPX bullish plan: SPX above 6765 | SPX Mar 11 6820C 📈

T: 6824, 6880 SL 6720

SPX bearish plan: SPX under 6720 | SPX Mar 11 6650P 📉

T: 6650, 6632 SL 6765

SPX has been struggling to hold any green day the past couple weeks.

SPX failed to hold above 6900 and dropped to 6711 by Friday.

SPX under 6720 can pull back towards 6632, 6520 next.

If SPX gives up 6520 it can drop another 100 points quickly.

The upside should be treated as a quicker day trade for now. I don’t see a great setup yet.

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2.

$Tesla Motors(TSLA)$ Trade Idea: Mar 13 385P

Trigger: 400 ✅

Targets: 383, 375 🎯

Stop: 406 🛑

TSLA dropped to 385 last week and tried to reclaim 400 a few times but failed.

TSLA needs to defend the 383 level otherwise it can pull back to 369 next.

Puts can work under 400 this week.

Calls can work above 400 as a lotto.

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3.

$Netflix(NFLX)$ Trade Idea: Mar 27 105C

Trigger: 100 ✅

Targets: 106, 109 🎯

Stop: 97 🛑

NFLX through 100 can run to 106, 109 on the next leg higher.

Calls can work above 100 this month.

Let’s see if the market can start to bottom out and rally in the next 2 weeks.

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