Option Strategies: TSLA, META& SPY
Hello everyone! Today i want to share some trading strategies with you!
1
$Tesla Motors(TSLA)$ Trade Idea: Mar 27 380C
Trigger: 369 ✅
Targets: 383, 390 🎯
Stop: 360 🛑
Dropped from 403 to 364 last week.
If TSLA can hold near 369 early this week we can see a bounce back to 383.
Calls can work above 369.
TSLA under 358 can drop to 343, 336.
It’s possible we see one more dip near 358 before a bottom forms.
2
$Meta Platforms, Inc.(META)$ Trade Idea: Mar 27 610C
Trigger: 600 ✅
Targets: 613, 627 🎯
Stop: 590 🛑
META dropped from 636 to 587 last week.
583 is a key support level for META.
If META can hold near here we can see a push back to 613-627 this week.
Calls can work above 600.
3
$S&P 500(.SPX)$ TRADE PLAN 📈 📉
SPX bullish plan: SPX above 6521 | SPX Mar 25 6600C 📈
T: 6550, 6600 SL 6470
SPX bearish plan: SPX under 6500 | SPX Mar 25 6430P 📉
T: 6427, 6400 SL 6521
SPX sold off again this week.
SPX dropped from 6754 to 6473 at the lows.
If SPX fails to reclaim 6521 we can see another dip to 6427 next.
SPX under 6344 this year will set up for a drop to 6152.
Calls can work above 6521 as a lotto this week.
Puts can work if SPX fails to hold 6500.
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