Option Strategies: COIN, TSLA& .SPX
Hello everyone! Today i want to share some trading strategies with you!
1.
$Coinbase Global, Inc.(COIN)$ Trade Idea: July 26th 270C 💡
Trigger: Above 259 📈
Target: 272 🎯
Stop: 254 🛑
COIN is setting up for 283 this summer. Calls can work above 259 or 246 backtest and hold.
2.
$Tesla Motors(TSLA)$ ER Trade Idea: July 26th 260C 💡
Target: 268 🎯
TSLA reports earnings on Tuesday AH (23 pt mv). If 233 holds after ER we should see 268+ this summer.
3.
$S&P 500(.SPX)$ is down 164 pts since last week. If SPX fails to defend 5500 we can see another dip to 5444 before a bottom starts to form. Let the market drop for now, we can see at least 2-3 more days of a pullback before a short-term bottom form. I'd stay bearish under 5536 this week.
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