Option Stratgies: MU, MSTR& .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 7700 | SPX Sept 9 7750C 📈 T: 7759, 7800 SL 7661
SPX bearish plan: SPX under 7700 | SPX Sept 9 7650P 📉 T: 7650, 7638 SL 7720
SPX had a volatile week after dropping to 7611 into Tuesday then moving up to 7750 by Friday.
As long as SPX can form a new base above 7700 this week we can see 7816 in the next 8 trading days.
SPX through 7816 can run to 8000.
Calls can work above 7700 this week.
If SPX gives up 7700, avoid calls.
2
$Strategy(MSTR)$ Trade Idea: Oct 31 170C
Trigger: 137 ✅
Targets: 151, 170 🎯
Stop: 127 🛑
MSTR had another big breakout this past week after moving from 121 to 144.
MSTR can run to 200 if we see BTC make a big breakout above 80k and run to 100k this year.
I would consider a swing trade on MSTR as long as 137 holds.
BTC has been basing for almost a year so it's setting up for 100k then up to 120k again.
3
Trade Idea: Sept 11 1070C
Trigger: 1000 ✅
Targets: 1036, 1068 🎯
Stop: 956 🛑
MU finally made a breakout on Friday above 1000 after a 3 week consolidation.
MU to 1036 in play by Tuesday, if MU breaks out above 1036 we can see 1100 next.
MU can test 1254 by October.
Once we see MU through 1254 it will run to 1500+.
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