Tradeideas
$TSLA should be a fun week !After making good $ on shorting Tesla from the triangle break down, I'm re entering Long weekly calls speculating on a nice move in the coming days back to 1000 zone resistance.
Barring any further market weakness I like the setup on Tesla here long :
ER this week so expect a run up to earnings
Bullish Hammer candle with high volume
Key Resistance at 1000 level , trading now at about 930
Oscillators and Indicators appear to be bottomed, expecting a turn here
Plan is to trade the "pop" up to 1000 level and then take profits as I never play Tesla earnings. For those with more risk appetite in options through earnings remember that previous support becomes resistance so it's very possible we get a pop up to 1000 level only for a possible ER dump to follow. One thing for sure is IV can be crushed after so keep that in mind.
Most bullish scenario is pop up to 1000 and then ER moon shoot 1060/1070 zone .
Either way, looks like a lot of shorts have covered and a good R/R to play at this price long IMO.
I'm in weekly 1000C , currently up 40% and holding for more upside.
$SPY, trading it 1/24over 448.5 451.5-453 possible
under 436 431.5-433 possible
#intradayoptionstrading #stockmarket
NO bias, plan for red or green day. chop/ranging = hand sitting
powell speaks, ERs & current Ukraine/Russia crisis: keep note of & watch, could impact market & sentiment, NEED TO KNOW this
$SPY, trading it 1/20For 1/20, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 460 (entry, long), it can see 462.5-464 (exit)
Break below 450 (entry, short), it can see 446-447.5 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter ), have a great one. NOT FINANCIAL ADVICE.
$QQQ, trading it 1/20 For 1/20, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 375 (entry, long), it can see 378-380 (exit)
Break below 365 (entry, short), it can see 360-363 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter ), have a great one. NOT FINANCIAL ADVICE.