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SPCX has spent a month digesting $150, and the squeeze is sitting in its ideal formation with the 21 EMA starting to turn up. SpaceX has a crewed Falcon 9 mission and a Falcon Heavy launch scheduled this week, so I explain why I’d trade this with options instead of shares.
I trade options because they let me define my risk before the trade starts. If you want SPX trade ideas coming to you in real time, take a look at the Tr3ndy SPX Alerts service here.