Support / Resistance đđ:
Support: $394-396, $387, $380, $375
Resistance: $402, $408 (?), $414.5
Outlook đ:
TSLA opened above $387 during today's market session, thus may be able to see more short term upside movement towards $394-396. If TSLA managed to break and hold $394-396, we may see more short term upside towards $402, then $408 (?). Else if TSLA rejects $394-396, watch for support back at $387. If TSLA breaks below $387, then watch for downside movement towards next support level at $380.
Target đ¯:
Opened thus Cash Secured Put position yesterday when TSLA was trading around $388 price range. Anticipating that TSLA is able to hold $394-396 price range level, else will watch for the next support level at $387 and determine if I want to hold the position longer or just cut-loss.
Initially targeting to exit at 20-50% profit from this Cash Secured Put position, but to risk off on my long term portfolio, decided to shave off 1 lot of this Cash Secured Position to secure 7% profit first, while leaving 2 more lots to run.
Invest safe, Tiger friends! [Allin]
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