Option Strategies: .SPX, NVDA& COIN
Hello everyone! Today i want to share some trading strategies with you!
1.
$NVIDIA Corp(NVDA)$ Trade Idea: Sept 20 123C 💡
Trigger: Above 121 📈
Target: 126 🎯
Stop: 117 🛑
NVDA dip was bought up near 100 and moved up to 121 this past week. NVDA can base in a range from 117-123 leading into FOMC. Let's see if NVDA can move back to 126-130 by the end of September to set up for all-time highs in October. Calls can work above 121 or 123 this week.
2.
$Coinbase Global, Inc.(COIN)$ Trade Idea: Sept 20 170C 💡
Trigger: Above 162 📈
Target: 170 🎯
Stop: 158 🛑
COIN can test 188-200 this week if it can hold a higher low above 162. Bitcoin 64k is a breakout level to 69k,74k. Calls can work above 162 or 170 for this week.
3.
$S&P 500(.SPX)$ on the verge of testing ATH again this week at 5670. IF there's a positive reaction to FOMC I see SPX running to 5800+. SPX has consolidated for almost 3 months. It's setting up for 6000 this year. I'd stay bullish as long as 5568 holds this week. We'll see a bigger rotation back into tech in the next 2 weeks.
📈 Bullish Trade Plan - SPX above 5624 - Sept 20th 5700C - Target 5700
📉 Bearish Trade Plan - SPX under 5568 - Sept 20th 5500P - Target 5500
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