Option Strategies: MU, AMD& .SPX
Hello everyone! Today i want to share some trading strategies with you!
1
$S&P 500(.SPX)$ TRADE PLAN 📈 📉
SPX bullish plan: SPX above 7400 | SPX May 13 7470C 📈
T: 7468, 7500 SL 7382
SPX bearish plan: SPX under 7300 | SPX May 13 7250P 📉
T: 7271, 7228 SL 7340
SPX had another massive rally this week from 7174 to 7401.
SPX to 7500 is in play this week if it can get through 7400. Calls can work above 7400.
As long as SPX holds above 7271, I’d stay bullish this month.
SPX under 7271 can drop to 7145 again.
2
$Advanced Micro Devices(AMD)$Trade Idea: May 15 470C
Trigger: 457 ✅
Targets: 471, 480 🎯
Stop: 447 🛑
AMD broke out above 400 after earnings and ran to 456 on Friday.
AMD to 500 is in play this month.
Calls can work above 457 next week.
Let’s see if AMD can make a push to 471 – 480 this upcoming week.
3
$Micron Technology(MU)$Trade Idea: May 15 800C
Trigger: 750 ✅
Targets: 800, 820 🎯
Stop: 730 🛑
MU had another massive run last week, moving from 557 to 747.
MU to 800 is in play early this week as long as 700 holds.
If we see a dip to 700 this week and it holds, calls can work. Calls can also work above 750 as a day trade.
There is more resistance at 800, so be careful as MU approaches this level.
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