Options Trade Ideas

• Weekly Trade Ideas

Paypal ($PayPal(PYPL)$)

Currently at a very interesting spot. Reaching a support zone that had been held nicely previously. Worth putting on our watchlist. One thing to note is ER is on 8 November, so might be better to wait and see what happens after.

Resistance above at 233.55-236.07. If breakthrough this range, my targets are 239.75, 245.82.

Support below at 223-226.09. If fall beyond this range, my targets are 218.55, 215.83.

Blink Charging ($Blink Charging(BLNK)$)

After the breakout of the downtrend line, it is now forming a bull flag currently. Worth watching for a break of this flag.

If breakthrough 32.30, my targets are 33.13, 34.67.

If fall beyond 31.28, my targets are 30.32, 29.45, which are the next support levels.

Lucid Group ($Lucid Group Inc(LCID)$)

We saw a pullback to 33 before climbing higher last week. Worth watching if it continues to consolidate or make a move higher. Just follow the price action and trade accordingly like last week.

If breakthrough 41.60, my targets are 45.89, 48.55.

If fall beyond 35.48, my targets are 33, 30.

*BONUS - Tesla ($特斯拉(TSLA)$)

This is a bonus because it's news-driven and not my usual technical analysis. Elon Musk tweeted that he might potentially be selling 10% of his Tesla stock. Many speculated that the stock price might see a dip just like previously when he tweeted that he thinks Tesla stock is too high last year, which caused the stock to drop 10% for that day.

If fall beyond 1217, here are some support ranges to look out for: 1159.36-1177.33, 1118.66-1138.46, 1068.31-1081.

Set stop-loss according to your risk appetite if you like my ideas and choose to take the triggers. Take profits early if low volume or the price action does not look good.[胜利] 

Disclaimer: The levels given are my own opinions and not investment advice. If you choose to follow the trade, do note that you are responsible for your own money. Prioritise your own risk management, expel emotions & focus on your trading plan.[暗中观察] 

Intraday trade strategy/guide:

1. Introduction to J.O.I.T (1)
2. Three Major Types of J.O.I.T(2)

Have an idea to share? Feel free to comment below.[你懂的]