Suman923
10-27 10:59

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 $358 level.

Initially target to exit at 10-20% profit, or stop loss at same % range. But since TSLA had some strength, was happy to hold position slightly longer. Exitting position now to secure a nice 98% profit and slightly de-risking my long term portfolio, to gain more buying power to buy other stocks on discount.

Fed Decides Early Thursday: Can the Tech Rally Hold?
QQQ gained 1.27% and SPY 0.56% Tuesday ahead of the Fed decision, with rates expected to hold at 3.75%–4.00%. Gains favored high-beta chips and custom compute: AMD jumped 5.45%, Broadcom 4.00%, while Nvidia rose 0.90%. Bulls cite strong earnings and AI orders; bears warn a hawkish December signal could lift yields and pressure rich valuations. After the decision, which offers both earnings and rate support: QQQ, SPY, or chip leaders?
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