.SPX, MSTR& TSLA Share Great Upward Momtenum!

2024-12-31

Hello everyone! Today i want to share some option strategies with you!

$Tesla Motors(TSLA)$ and $MicroStrategy(MSTR)$ both entering the abyss where volume support disappears.

If TSLA doesn't hold at its current level, then there isn't much volume support until it gets back down to 350-360, with 340 showing the strongest volume support and point-of-control.

MSTR looks like it already broke support and there isn't much volume to hold it back from retreating down to 260 before it finds a decent volume stack to hopefully act as support.

Took these $.SPX(.SPX)$ optionselling trades earlier this morning. Sold an Iron Condor, Dec 30 expiration. Legged into the puts on the morning drop and then sold the calls later in the morning (although probs should've waited longer before selling it).

- 5770/5760 put credit spread

- 5980/5990 call credit spread

Follow me to learn more about analysis!!!

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Today i want to share some option strategies with you!1 <a data-mention-id=\"TSLA\" class=\"teditor-mention\" data-mention-name=\"Tesla Motors\" href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> and <a data-mention-id=\"MSTR\" class=\"teditor-mention\" data-mention-name=\"MicroStrategy\" href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$</a> both entering the abyss where volume support disappears.If TSLA doesn't hold at its current level, then there isn't much volume support until it gets back down to 350-360, with 340 showing the strongest volume support and point-of-control.MSTR looks like it already broke support and there isn't much volume to hold it back from retreating down to 260 before it finds a decent volume stack to hopefully act as support.<img src=\"https://community-static.tradeup.com/news/8b2fa9e39cbd7d81b520821c888fef00\" tg-width=\"1272\" tg-height=\"959\"><img src=\"https://community-static.tradeup.com/news/62e286018cbd6fe8b47f83ec8ca59ac1\" tg-width=\"1269\" tg-height=\"958\">2.Took these <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\".SPX\" href=\"https://ttm.financial/S/.SPX\">$.SPX(.SPX)$</a> optionselling trades earlier this morning. Sold an Iron Condor, Dec 30 expiration. Legged into the puts on the morning drop and then sold the calls later in the morning (although probs should've waited longer before selling it). - 5770/5760 put credit spread- 5980/5990 call credit spread<img src=\"https://community-static.tradeup.com/news/a5e879022b52300419ae666f0b2e7672\" tg-width=\"1512\" tg-height=\"336\">Follow me to learn more about analysis!!!</body></html>","htmlText":"<html><head></head><body>Hello everyone! Today i want to share some option strategies with you!1 <a data-mention-id=\"TSLA\" class=\"teditor-mention\" data-mention-name=\"Tesla Motors\" href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> and <a data-mention-id=\"MSTR\" class=\"teditor-mention\" data-mention-name=\"MicroStrategy\" href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$</a> both entering the abyss where volume support disappears.If TSLA doesn't hold at its current level, then there isn't much volume support until it gets back down to 350-360, with 340 showing the strongest volume support and point-of-control.MSTR looks like it already broke support and there isn't much volume to hold it back from retreating down to 260 before it finds a decent volume stack to hopefully act as support.<img src=\"https://community-static.tradeup.com/news/8b2fa9e39cbd7d81b520821c888fef00\" tg-width=\"1272\" tg-height=\"959\"><img src=\"https://community-static.tradeup.com/news/62e286018cbd6fe8b47f83ec8ca59ac1\" tg-width=\"1269\" tg-height=\"958\">2.Took these <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\".SPX\" href=\"https://ttm.financial/S/.SPX\">$.SPX(.SPX)$</a> optionselling trades earlier this morning. Sold an Iron Condor, Dec 30 expiration. Legged into the puts on the morning drop and then sold the calls later in the morning (although probs should've waited longer before selling it). - 5770/5760 put credit spread- 5980/5990 call credit spread<img src=\"https://community-static.tradeup.com/news/a5e879022b52300419ae666f0b2e7672\" tg-width=\"1512\" tg-height=\"336\">Follow me to learn more about analysis!!!</body></html>","text":"Hello everyone! Today i want to share some option strategies with you! 1 $Tesla Motors(TSLA)$ and $MicroStrategy(MSTR)$ both entering the abyss where volume support disappears. If TSLA doesn't hold at its current level, then there isn't much volume support until it gets back down to 350-360, with 340 showing the strongest volume support and point-of-control. MSTR looks like it already broke support and there isn't much volume to hold it back from retreating down to 260 before it finds a decent volume stack to hopefully act as support. 2. Took these $.SPX(.SPX)$ optionselling trades earlier this morning. Sold an Iron Condor, Dec 30 expiration. Legged into the puts on the morning drop and then sold the calls later in the morning (although probs should've waited longer before selling it). - 5770/5760 put credit spread - 5980/5990 call credit spread Follow me to learn more about analysis!!!","highlighted":1,"essential":1,"paper":2,"likeSize":24,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/387459284852840","repostId":0,"isVote":1,"tweetType":1,"viewCount":1362,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TSLA",".SPX","MSTR"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":754,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/387459284852840"}