Option Strategies: .SPX, META& QQQ
Aug 14th Premarket TRADE PLAN 📈
$S&P 500(.SPX)$ lower this morning after PPI data. If SPX fails to move red to green, we can see another consolidation day today. You don't need to trade heavily each day to be profitable. Some days should be observation days. SPX to 6400 possible if SPX fails at 6432.
$Meta Platforms, Inc.(META)$ to 755-760 possible if it fails to hold 774. Puts can work under 774 as a day trade.
$Invesco QQQ(QQQ)$ setting up for 774 if it can't reclaim 780 today. Puts can work under 780 as a lotto. I'd be careful trading the upside today. We can see more volatility.
Good luck today everyone!! 🫡
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