Option Strategies: .SPX& QQQ

EliteOptionsTrader
03-11 14:03

TRADE PLAN for Wednesday 📈

$S&P 500(.SPX)$ consolidation day after a 170+ pt move higher yesterday. SPX moved to 6845 and dipped 60+ into the close. IF SPX reclaims 6800 I'd consider calls for a move to 6880+. CPI data premarket tmrw.

SPX 6840C is best above 6800

$Invesco QQQ(QQQ)$ 614 is the next big resistance to get through to test 618,622. I'd swing calls through this level for another push higher this month. IF QQQ fails to hold 607 I'd avoid calls.

QQQ March 13 616C is best near 614

The next big catalyst in the market will be the end of the Iran war. Once this new is official, I anticipate we'll see SPX move through 7000 and QQQ back to 629+.

Good luck tmrw everyone!! 🫡

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