Option Strategies: .SPX, SNDK& MU
Hello everyone! Today i want to share some trading strategies with you!
1.
$S&P 500(.SPX)$ TRADE PLAN 📈 📉
SPX bullish plan: SPX above 6849 | SPX Jan 7 6900C 📈
T: 6870, 6900 SL 6821
SPX bearish plan: SPX under 6821 | SPX Jan 7 6770P 📉
T: 6800, 6765 SL 6849
SPX has now printed 5 red days in a row.
SPX has dropped 120 points from the all time highs.
If SPX can base above 6821 this week, we should see a move back to 6900.
SPX in a wider range from 6821 - 6900 for now.
SPX through 6900 can test 6921, 6945.
Let’s see if 7000 comes this month.
I’d stay bullish as long as 6821 holds.
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2.
$SanDisk Corp.(SNDK)$ Trade Idea: Jan 9 285C
Trigger: 276 ✅
Targets: 285, 300 🎯
Stop: 265 🛑
SNDK broke out on Friday and moved from 244 to 275.
SNDK through 276 can test 285.
SNDK to 300 in play in the next 2 weeks.
Calls can work above 276 this week.
Let’s see if SNDK can test 334 during Q1.
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3.
$Micron Technology(MU)$ Trade Idea: Jan 9 325C
Trigger: 315 ✅
Targets: 324, 332 🎯
Stop: 305 🛑
MU broke out above 300 on Friday and ran to 315.
MU through 315 can test 324, 332 next.
Calls can work above 315 this week.
MU to 350 in play this month.
Let’s see if MU moves to 400 by the end of Q2.
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