Trading Ideas: .SPX, NVDA& MU

Hello everyone! Today i want to share some trading ideas with you!

1

$Micron Technology(MU)$

Trade Idea: May 22 650P

Trigger: 700 📉

Targets: 669, 651 🎯

Stop: 715 🛑

MU dropped from 817 to 719 at the lows on Friday.

If MU gives up 700, it can drop to 682–651 next. Puts can work under 700 this week.

It looks like MU is starting a consolidation phase.

Let’s see if MU can reclaim 800 this month. If that happens, then it will set up for 900–1000.

2

$NVIDIA(NVDA)$

Earnings Trade Idea: May 22 240C

Trigger: 225 ✅

Targets: 240, 250 🎯

Stop: No SL

NVDA broke out above 212 last week and ran to 236.

NVDA ended up closing at 225 on Friday when the market pulled back. If NVDA gives up 225, it can test 221–212 again.

NVDA reports their earnings on Wednesday. There is an 18-point move priced in for this earnings.

NVDA to 245–250 is in play after earnings.

3

$S&P 500(.SPX)$ TRADE PLAN 📈 📉

SPX bullish plan: SPX above 7468 | SPX May 20 7500C 📈

T: 7500, 7546 SL 7438

SPX bearish plan: SPX under 7400 | SPX May 20 7300P 📉

T: 7323, 7300 SL 7440

SPX pulled back from 7517 to 7397 at the lows on Friday.

SPX to 7300–7323 is in play this week if SPX fails to defend 7400.

I’d be more cautious if SPX fails to reclaim 7468 after NVDA earnings.

Let’s see if SPX can fill the gap near 7271 this month.

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