Support / Resistance 📈📉:
Support: $374, $364, $357-358
Resistance: $382.5, $393, $403
Outlook 📝:
Today, TSLA opened above $382.5.
If TSLA manage to hold $382.5, we should be able to see more short term upside towards $393. If TSLA break and hold $393, we maybe able to see $403.
If TSLA rejects at $393, then watch for $382.5 support. Else if TSLA rejects at $393, then watch for support back at $374. If TSLA rejects at $374, then watch for support at $364.
Target 🎯:
Entered this Cash Secured Put position when TSLA was trading around $373-374 level.
Initially target to exit at 10-20% profit, or stop loss at same % range. But since TSLA had some strength and was holding $374, was happy to hold position slightly longer. Exitting position now to secure a nice 90% profit and slightly de-risking my long term portfolio.
Trade safe, Tiger friends! [666]
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