Support / Resistance ๐๐:
Support: $348-351, $337, $328-330, $318
Resistance: $348-$351, $357-358, $364, $374
Outlook ๐:
TSLA opened around $348 today.
If TSLA is able to hold $348-351, then we may see short term upside towards $357-358. If TSLA manage to break and hold $357-358, we should be able to see more short term upside towards $364.
Else, if TSLA rejects at $357-358, then watch for support back at $348-$351. If it breaks below $348-351, then watch for even more short term downside towards support level at $337 again. If TSLA also rejects below $337, then watch for $328-$330 support level.
Target ๐ฏ:
Entered this Cash Secured Put position when TSLA was trading around $351 level.
Target to exit at 10-20% profit, or if TSLA rebound back to around $364. Stop-loss around the same % range.
Will review again to see when I want to exit the position as September tends to be a red month.
Trade safe, Tiger friends! [Allin]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 4.60 1Lot(s) | +33.70% Holding |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- wigglyzยท09-03 11:02348 to 351 is the real friction zone here, lots of put strikes piled up around there from last month. If that area holds, 357 to 358 probably goes fast1Report