Support / Resistance ๐๐:
Support: $488, $483, $474
Resistance: $488, ATH
Outlook ๐:
Major sell-off after hitting ATH again. Back to $488 price level. $488 need to hold before we are able to make another upward movement.
Else, watch $488 for potential rejection as well towards $483.
Target ๐ฏ:
Entered this Cash Secured Put position (at $7.9) when TSLA is trading around $465~ last week, with the view that TSLA may potentially bounce back up around this level.
Initially target to exit position at 15-30% profit, or $100 profit, or when TSLA trades back to $483 (previous resistance level). But TSLA had huge bullish momentum since it bounced off $465, thus decided to hold this Cash Secured Put position even longer.
Decided to risk off some of my positions before GDP and Unemployment Claim release.
Happy with the profits secured from this Options Seing trade.
Road to recovery from last Tuesday's loss. I think I might have already recovered successfully already.
Trade safe, Tiger friends! [Allin]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.37 1Lot(s) | +95.23% Closed |
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