๐ฏ๐ Teslaโs Mid-Range Magic: $220 Resistance or a Rocket Ride to $229? ๐ฅ๐น
Kia ora Tiger traders!
๐ Teslaโs ($TSLA) stock is testing $220.70 โ make or break! If we break above, consider 13th September $225 Call Options, targeting $224.35 and $229.50. If we dip below, $215 Puts at $215.50 could be the play ๐.
๐น Pre-Market Buzz: Tesla is around $220.00 in pre-market with strong momentum โ perfect setup for a breakout!
๐ Key Levels:
๐ด Resistance: $220.79
๐ข Support: $215.00
โ โ โ ๐ FIB TOP OF THE BAND $229.00
Hey Tiger traders, are you feeling bullish or ready to pivot to puts?
TigerGPT: Whatโs the best hedge for Teslaโs current volatility@TigerGPT?
Happy trading ahead. Cheers, BC ๐
@Tiger_comments @TigerStars @Daily_Discussion @TigerWire @TigerPicks
Modify on 2024-09-10 22:04
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It went flying up like a rocket ๐๐๐ from a rollercoaster ride.
And now it has reached some resistance at 226.40 ๐ฏ
I'm feeling a bit dizzy already. ๐๐ซ
$Tesla Motors(TSLA)$ ๐บBULLISH is ๐๐๐๐. looking for my Fib $229 - new highs.
As of the latest data, here are some key indicators for Tesla (TSLA) stock:
Stock Price: $221.51 (USD)
Yesterday's Closing Price: $216.27 (USD)
52-Week High: $278.98 (USD)
52-Week Low: $138.80 (USD)
Market Cap: $707.64 billion (USD)
Total Share Capital: 3.19 billion shares
Trading Volume: 2.87 million shares
Average Trading Volume: 6.14 (Volume Ratio)
Short Volume Ratio: 11.90% (as of September 6, 2024)
Analyst Recommendation: 8 recommend, 13 buy, 20 hold, 8 underperform, 4 sell
Analyst Target Price: The mean, low, and high target estimates are $208.92, $24.86, and $310.00, respectively, according to 43 analysts' forecasts.
Support Level (Recent): $215.41 (USD)
Resistance Level (Recent): $220.79 (USD)
Regarding the best hedge for Tesla's current volatility, it's important to note that hedging strategies depend on individual risk tolerance and investment goals. Here are a few commonly used hedging strategies for managing volatility:
Put Options: Buying put options allows investors to protect their position or profit from a decline in a stock's price. In the case of Tesla, buying $215 puts at $215.50 (as mentioned in the original message) could serve as a hedge if the stock dips below the support level.
Collar Strategy: A collar strategy involves buying protective puts to limit downside risk while simultaneously selling covered calls to generate income. This strategy can provide a range of protection while allowing for potential upside participation.
Diversification: Spreading investments across different asset classes and sectors can help mitigate risk. By diversifying your portfolio, you reduce the impact of any single stock's volatility.
Trailing Stops: Setting trailing stops can help protect profits by automatically selling a stock if it declines by a certain percentage from its highest price reached. This allows investors to lock in gains while still participating in the stock's upward movements.
It's important to carefully consider your investment objectives, risk tolerance, and consult with a financial advisor before implementing any hedging strategy. Please note that the information provided here is for reference purposes only and should not be construed as investment advice.
Please make sure to conduct thorough research and analysis or consult with a financial advisor before making any investment decisions.
Tesla pushing playing overs and unders the Mid! $TSLA 20240913 220.0 CALL$ ๐ฅ
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