Option Strategies: META, AMD& .SPX
Hello everyone! Today i want to share some option strategies with you!
1.
$S&P 500(.SPX)$ all-time high test coming this week. If SPX can close above 5767 on a daily candle we can see 5800 by Wednesday. SPX target of 5900 in play by the end of October. I'd stay bullish as long as SPX can hold a higher low above 5762 over the next 2 trading days.
📈 Bullish Trade Plan - Above 5751 - Oct 8 5800C - Target 5800
📉 Bearish Trade Plan - Under 5726 - Oct 8 5700P - Target 5700
2.
$Advanced Micro Devices(AMD)$ Trade Idea: Oct 11 175C 💡
Trigger: Above 170 📈
Target: 180 🎯
Stop: 167 🛑
Closed at 170.90. AMD broke out above 164 last Friday and closed at the highs. AMD can fill the gap at 174 next. AMD looks like it can run to 187 by the end of October. Calls can work above 170 for this week.
3.
$Meta Platforms, Inc.(META)$ Trade Idea: Oct 11 605C 💡
Trigger: Above 597 📈
Target: 610 🎯
Stop: 594 🛑
Closed at 595.94. META broke out above the 579 resistance and ran to 595+ last week. META should test 600 early this week. META through 600 can run to 610,623. META 656 in play by the end of the year.
Follow me to learn more about analysis!!
https://x.com/EliteOptions2
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.
