Option Strategies: .SPX, NVDA& BABA
Hello everyone! Today i want to share some option strategies with you!
1.
The next 2 days will TEST the patience of many traders. We've seen 13 consecutive days of CHOP with $SPX. If you want to end the week profitable, this is the plan you need to follow 👇
1) If $S&P 500(.SPX)$ breaks 5670- Buy PUTS 📉
2) If $S&P 500(.SPX)$ reclaims 5751 AFTER CPI- Buy calls 📈
3) $S&P 500(.SPX)$ between 5670-5751- Sit on hands 👐
You don't need to trade every day to be profitable. Waiting is the best option when the market is stuck in the same range the past 3 weeks. Be patient and wait for momentum this week. We still have FOMC minutes, Core CPI, and Core PPI Starting on Wednesday.
2.
TRADE PLAN for Tuesday ✅
$S&P 500(.SPX)$ 13 days of consolidation above 5670 leading into Core CPI data on Thursday. IF SPX can move back through 5751 we can see 5800. I'd wait for 5726 for calls
$NVIDIA Corp(NVDA)$ breakout above 126 today. NVDA Needs to get back through 131 to test ATH at 140
133C is best above 131
$Alibaba(BABA)$ 119 is a breakout level for a move to 126-130 next.
Oct 25 125C can work near 119 over the next 3 days
Follow me to learn more about analysis!!
https://x.com/EliteOptions2/status/1843443065169879184
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- Taurus Pink·10-08[龇牙] [龇牙] [龇牙] [龇牙]LikeReport