$Tesla Motors(TSLA)$ Rejected

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Aaronykc
09-30 12:58

$Tesla Motors(TSLA)$ Rejected at $385. I knew that level is very strong resistance, so I sold a covered call at $400 expiring this Friday to collect some premium. Hopefully tsla will find some support at current levels, the 50 simple moving average is just below. If there is a bounce I will sell another covered call. Do you think tsla can find support here or will it drop lower?

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