Trading Strategies: .SPX, TSLA, META& AMD
Hello everyone! Today i want to share some trading analysis with you!
1.
High Probability $Tesla Motors(TSLA)$ Breakout Trade that Paid Multiple 1000% Runners 🚀
Explanation below 👇
TSLA had been consolidating since late January 2024, trading in a range above $167 for the past 3 months. Once TSLA moved back above $182 this helped set up for $200 again. TSLA moved to $200 on June 28th and started to break out on July 1st.
I took the TSLA 205C at $4.20, and these moved to $47.32 by Friday. TSLA $200 was a key breakout level for 2024. Once TSLA reclaimed $200, this set it up for a move to $216-$224 this week. TSLA ended up running to $252.
TSLA gapped up after delivery numbers on July 2nd. It opened at $218 and moved to $233 intraday. I took the TSLA 225C after it opened above $218. The TSLA 225C ended up moving from $2.50 to $27.19 this week. I rolled from TSLA 225C to 230C, 235C, 240C, and 245C this week.
Waiting for key breakout levels, such as a round number like $200 coupled with news, can set up for 500-1000% runners that can exponentially grow your account.
2.
$Advanced Micro Devices(AMD)$ is one of the last remaining chip stocks that hasn’t broke out higher yet. AMD started to show signs of momentum on Friday after testing 174. $AMD is setting up for a move back to 226 this year. If you missed the run in $NVIDIA Corp(NVDA)$ $Broadcom(AVGO)$ $Lam Research(LRCX)$ , this is the next big trade you want to be in 👇
Trigger: $Advanced Micro Devices(AMD)$ above 174 ✅
Trade idea: $Advanced Micro Devices(AMD)$ July 26 180C
Targets: T1- 184 T2- 200 🎯
AMD has been in a consolidation period for the past 4.5 months. It has formed a strong base above 156 the past 2 months. Keep an eye on the 174 resistance. AMD above this level will gain momentum to 179 quickly. If AMD can start to base above 174 we can see 226 again by October.
3.
$Meta Platforms, Inc.(META)$ Trade Idea: July 12th 545C 💡
Trigger: Above 540 📈
Target: 551 🎯
Stop: 536 🛑
As long as 532 holds can see a run to 551, 560 this week. Calls can work above 540 or 532 backtest.
4.
$Tesla Motors(TSLA)$ Trade Idea: July 12th 255C 💡
Trigger: Above 249 📈
Target: 261 🎯
Stop: 245 🛑
TSLA through 255 can run to 268+. Calls can work above 249 early this week as a day trade.
5.
$S&P 500(.SPX)$ is setting up for a run to 5644 this month as long as it can form a base above 5500. It's possible we see SPX run to 5800+ by Thanksgiving. I'd consider calls if SPX can get through 5568 early this week. Lots of bullish setups in tech for this week.
Follow me to learn more about analysis!!
https://x.com/EliteOptions2
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.
