Tesla, Amazon, Meta: Options Market Offers Clues On Crucial Trading Levels For The Week
Portfolio Pulse from Bhavik Nair
President Joe Biden reached a budget agreement to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025. The options market offers clues on crucial trading levels for Tesla, Amazon, and Meta. Open interest data suggests resistance and support levels for each stock.
May 29, 2023 | 11:28 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Amazon shares closed 4.44% higher on Friday. Options data indicates resistance at $125 Call strike and support at $115 level.
The options market data suggests that Amazon's stock price may face resistance at the $125 Call strike and find support at the $115 level. However, any major news or macro event could lead to significant movement in the stock price, affecting these levels.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Meta shares closed 3.7% higher on Friday. Options data indicates resistance at $270 Call strike and support at $245 Put strike.
The options market data suggests that Meta's stock price may face resistance at the $270 Call strike and find support at the $245 Put strike. However, any major news or macro event could lead to significant movement in the stock price, affecting these levels.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Tesla shares closed 4.72% higher on Friday. Options data indicates resistance at $200 Call strike and support between $175 and $185.
The options market data suggests that Tesla's stock price may face resistance at the $200 Call strike and find support between $175 and $185. However, any major news or macro event could lead to significant movement in the stock price, affecting these levels.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100