Support / Resistance đđ:
Support: $425, $422?, $411-414
Resistance: $429, $435
Outlook đ:
TSLA broke above $425 price level and it seems to be holding well. Seems like we are heading in for more short term upside. If TSLA manage to break and hold $429, we should be able to see more short term upside towards $435, then $440. Else, if TSLA rejects at $429, then watch for short term downside towards support level at $425, then $422.
Target đ¯:
Entered 2 of this Cash Secured Put position with the view that TSLA broke above and hold $414.5 and was nearing $422 which is the next potential Resistance level.
As shared in previous trade feed post, slowly scaling out of my position at each bounce of resistance (in this case was $429). Happy with the profits secured from this options swing trade.
For my last remaining Cash Secured Put position, will assess the overall market again. If TSLA break and hold $429 today, may consider holding till option expire. For now, just riding the wave and see where the wave brings me to.
Trade safe, Tiger friends! [666]
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