TSLA seems to be consolidating between the 50SMA ($325) and 200SMA ($320).
Entered Sell Cash Secured Put position at $320, where I hope to see $320 as a strong pullback zone supported by the Daily 200SMA.
Will see how this plays out as I have some time for the expiry date in this Cash Secured Put position. Am looking to take profit around 20-50% for this options swing trade, stop-loss at around same %.
📊 Support Zones: $320 ➝ $318 ➝ $315
📈 Resistance Levels: $324 ➝ $330 ➝ $335
Should TSLA hold $320, I anticipate momentum towards $324 and beyond. Else, should TSLA fall below $320, will look for rebounce above $318 or $315.
Trade safe tiger friends!
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 3.70 1Lot(s) | -- Closed |
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- BerniceCarter·07-30TOPCareful with those stop-loss levels1Report
- JackQuant·07-30TOPThanks for sharing. I think the price chart implies that the market is choosing an upside trend or a downside trend.1Report