Support / Resistance ๐๐:
Support: $440, $435, $429
Resistance: $449-$455, $465, $470
Outlook ๐:
We are still at the same price level trading channel.
TSLA got rejected at $449-$455 earlier this week towards $440 and then $435 which is a potential support level. Saw that TSLA managed to hold $435 well, thus was waiting for an opportunity for entry.
If TSLA is able to break above $449-$455 then we may see some upside price movement. Else watch for rejection at same level.
Target ๐ฏ:
Entered this Cash Secured Put position when TSLA is trading around $444~, with the view that TSLA may potentially bounce back up around this level.
As shared, target to exit position at 15-30% profit, or $100 profit, or when TSLA is back to $449-$455 resistance level. Was a risk-on play as I am entering position before FED announcements at 3am.
Glad the risk paid off, TSLA held $445 towards $451~, thus exiting my Cash Secured Put position with a nice profit. Satisfied with the options scalp.
Trade safe, Tiger friends! [666]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 5.90 1Lot(s) | +24.20% Closed |
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- village5576ยท12-11TOPSweet profit, congrats! [้พ็]1Report