Option Strategies: NVDA, .SPX, QQQ& META
Hello everyone! Today i want to share some trading strategies with you!
1.
$NVIDIA Corp(NVDA)$ calls working above 110 at the open.. NVDA through 116 can run to 123 by next week. Calls can work above 116
$S&P 500(.SPX)$ breakout above 5500 before FOMC.. up 26 pts so far.. SPX above 5536 can run to 5568+ next
$Meta Platforms, Inc.(META)$ lets see if this opens up at 500 by tomorrow
2.
$S&P 500(.SPX)$ $Invesco QQQ(QQQ)$ Fed's Powell Says Asked About September Cut, Says Have Made No Decision; No Decisions About Future Meetings; Broad Sense At FOMC Is We Are Moving Closer; Data Dependent But Not Data Point Dependent; Question Will Be If Totality Of Data Is Consistent With Rising Confidence On Inflation And Jobs; Reduction Could Be On The Table In September; Rate Cut Could Be On Table In September; Not Quite At That Point Yet
3.
Trade plan for Thursday 📈
$S&P 500(.SPX)$ held the key support level at 5500 after the gap up. SPX setting up for 5568 test next. If through 5568 we can see 5600
5570C is best above 5550 tomorrow
$NVIDIA Corp(NVDA)$ setting up for 123,126 by Friday. NVDA 140 in play by Sept
123C is best above 120
$Invesco QQQ(QQQ)$ through 475 can run to 482-488 range
477C can work above 475
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