Option Strategies: .SPX, TSLA& META
Hello everyone! Today i want to share some option strategies with you!
1.
TRADE PLAN for Thursday ✅
$S&P 500(.SPX)$ if we see a higher low tomorrow above 5510+ we can see SPX move back to 5568-5600 range after NFP on Friday.
SPX Sept 6 5550C can work above 5500
$Tesla Motors(TSLA)$ as long as 216 holds this week it can lead a move higher to 224,233 in the next 2 weeks
225C can work above 220
$Meta Platforms, Inc.(META)$ 522-525 can come by Friday if we see a rotation back into Tech by Friday morning.
520C can work above 515
2.
Reminder: The Market Doesn’t Move Straight Up or Down 📈📉
Pullbacks, backtests, consolidation, and chop are all expected and healthy market mechanics. The traders who struggle the most are those who refuse to adapt when market conditions shift and their edge is no longer present.
If you're struggling to find your edge, Start with Patience.
- Patience to Wait for the right set-up
- Patience to Allow the trade to work
- Patience to Journal and review trades
- Patience to Learn and grow from your mistakes
Embrace the process, trust your strategy, and remember that true success in trading comes from mastering the art of patience.
Follow me to learn more about analysis!!
https://x.com/EliteOptions2/status/1831469034539474983
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.
