Option Strategies: NVDA, MSTR& .SPX
Hello everyone! Today i want to share some option strategies with you!
1.
$.SPX(.SPX)$ on the verge of a breakout to 6000 this YEAR. SPX printed a new all time high on Friday above 5800 and continues to trend higher the past 4 days. SPX is setitng up for 5878 as long as it can hold a higher low above 5792 this week. I'd stay bullish if SPX holds 5800 through Wednesday
📈 Bullish Trade Plan - Above 5800 - Oct 16 5840C - Target 5840
📉 Bearish Trade Plan - Under 5767 - Oct 16 5730P - Target 5740
2.
$MicroStrategy(MSTR)$ Trade Idea: Oct 18th 225C 💡
Trigger: Above 215 📈
Target: 230 🎯
Stop: 209 🛑
Closed at 212.59. MSTR finally broke out above 200 on Friday and moved up to 212. MSTR is setting up for 258 possibly this year. Calls can work above 215. If MSTR dips to 200-206 again, calls can work for a dip buy. If #Bitcoin can move through 66k and mstr holds 200, we can see a bigger rally with crypto-related assets.
3.
$NVIDIA Corp(NVDA)$ Trade Idea: Oct 25th 140C 💡
Trigger: Above 136 📈
Target: 140 🎯
Stop: 133 🛑
Closed at 134.80. NVDA above 136 can test all-time highs at 140 this week. Calls can work above 136 or 140. Let's see if NVDA can run to 154-160 by the end of November. I'd avoid calls if NVDA fails to defend 131.
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https://x.com/EliteOptions2/status/1845615509204607462
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