Support / Resistance đđ:
Support: $422?, $414.5, $402
Resistance: $425, $430, $438.2
Outlook đ:
Market overall seems to have some weakness when market opens. TSLA managed to hold $422, thus seems like we are heading in for more short term upside. If TSLA manage to break and hold $430, we should be able to see more short term upside towards $438.2. Else, if TSLA rejects at $430, then watch for short term downside towards support level at $422 again.
Target đ¯:
Entered this Cash Secured Put position when TSLA broke below $422, and was trading around $420 price level.
As shared, target to exit this trade at 15-20% profit, or if TSLA is trading near $430 price level. Stop-loss at same % range, or if TSLA break below $414.5.
Securing a small profit by exiting this Cash Secured Put options scalp when TSLA hit $428 eearlier.
Overall satisfied with the profits secured.
Trade safe, Tiger friends![666]
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