Support / Resistance đđ:
Support: $402, $394-396, $387
Resistance: $402, $408 (?), $414.5
Outlook đ:
TSLA opened above $402 today, but is trading back at $402 price level. If TSLA manage to hold $402, we may be able to see more short term relief towards $408. Else, if TSLA rejects below $402, then watch for short term downside towards next support level at $394-396 then $387.
Target đ¯:
Entered this Cash Secured Put position when TSLA was trading at around $403, with the objective to ride in the short term upside wave towards $408.
This will be a quick in, quick out options scalp as I would like to keep some risk off the table.
Target to exit position at around 5-15% profit, or if TSLA is nearing $408 price level. Stop-at around same % level, else will target to exit if TSLA breaks below $402.
There are still alot of uncertainties in the market, so keep your positions short and small for traders, and keep investing for investors.
Trade safe, Tiger friends![666]
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