Tesla $350 SOON? No CRASH Yet, Key S&P 500 Levels

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Hey Options Trader,

I hope you have been enjoying this crazy rally post elections! While the rally could last for quite a while, eventually good things come to an end and we will see a pullback that will crush investors at the top. I will help you prepare for the opportunity.

Here’s what we are covering:

1. $TSLA Trump Pump - Is $350 in the cards?

2. VIX Levels - Key levels to look for prior to next crash

3. QQQ - MACD indicator levels to watch

$TSLA Trump Pump - $350 soon?

I definitely missed out on Tesla, but if your invested or you want to get in, its a goldilocks moment in the markets and I believe it will go much higher. I personally would do cash secured puts on any pullbacks or…

Covered Strangles - buy 100 shares, sell covered call, sell cash secured put all in one day.

Deep in the money LEAPS might be a good long term hold as well…only on pullbacks.

Looking at the chart we have a ways to go with this bullish momentum. I think $350 will be in the cards for mid December.

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VIX - where I plan on shoring up cash

VIX had a huge drop post elections, from 23 all the way down to 14 today. I anticipate we will approach $12 very soon here which means we are getting close to frothy markets. Don’t get bearish yet though, bulls have the momentum.

We may get one or two more huge pushes upwards in the $SPX and $QQQ early December. Once VIX gets to $12 I will be 50% cash, waiting for any pullback opportunities to reload. I wont sell stock positions.

Most of my options positions expire at the end of this month, so I will be choosy on the stocks I choose to re open cash secured puts on.

$QQQ

I think the Q’s will land somewhere between $530-$540 before the next major pullback. Im calling those levels for end of December.

I’ve been documenting my trades LIVE on IG. You following me yet?

and send me a DM, would love to meet you!

Have a great weekend!

-Ryan