Option Strategies: .SPX, TSLA& BABA
Hello everyone! Today i want to share some option strategies with you!
1.
TRADE PLAN for Wednesday ✅
$S&P 500(.SPX)$ 9 days of consolidation above 5670 so far. SPX price action a bit weaker after failing to hold 5751. As long as 5670 holds we should see 5800-5831
I'd wait for 5751 for calls
$Tesla Motors(TSLA)$ held up well today after popping up 10 pts from the lows.
265C can work above 259
$Alibaba(BABA)$ setting up for key resistance test at 119 this month. BABA above 119 can run another 30 pts
Oct 11 116C can work above 112
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https://x.com/EliteOptions2
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