Support / Resistance ๐๐:
Support: $440, $435-$438, $422?
Resistance: $449-$455, $463-$465, $474
Outlook ๐:
TSLA broke above the $435-$438 resistance level and finally made a lower higher. This area has turned into support again, thus I am trusting this level is able to hold well since buyers seems to be stepping in at this level.
Target ๐ฏ:
Entered this Cash Secured Put position when TSLA was trading around $438 price level with the view that TSLA can hold this support level and potentially bounce off towards $449-$455.
As shared, target to exit this Cash Secured Put position for quick 5-15% profit, or if TSLA approaching near $445 (halfway mark towards $449). Held position for abit longer as I saw some strength in TSLA today to secure a nice 16% profit, before exiting when TSLA is trading around $450.
Happy with the profits secured from this TSLA options scalp.
Trade safe, Tiger friends! [Allin]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 7.00 1Lot(s) | +16.71% Closed |
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- AthenaVeblenยท01-13 08:19Solid move! Stoked you bagged that 16% profit on TSLA. [ๅพๆ]1Report