Support / Resistance ๐๐:
Support: $374, $364, $357-358
Resistance: $382.5, $393, $403
Outlook ๐:
Today, TSLA opened above $377, but immediately had a sharp drop towards $379.
If TSLA manage to hold $374, we should be able to see more short term upside towards $382.5. If TSLA break and hold $382.5, we maybe able to see $393.
If TSLA rejects at $382.5, then watch for $374 support. Else if TSLA rejects at $374, then watch for support back at $364. If TSLA rejects at $364, then watch for support at $357-358.
Target ๐ฏ:
Entered this Cash Secured Put position when TSLA was trading around $351 level.
Initially target to exit at 10-20% profit, or if TSLA rebound back to around $364. Stop-loss around the same % range.
But since TSLA had some bullish momentum, held this cash secured put position till expiry. Exiting position now instead of waiting for it to auto-expire to derisk and gain more Buying Power to purchase more cash secured puts.
Trade safe, Tiger friends! [Allin]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.01 1Lot(s) | +99.64% Closed |
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