Support / Resistance ππ:
Support: $380, $375, $367, $355-$357
Resistance: $387, $394-$396, $402
Outlook π:
TSLA pushed above $375 and $380 today which is a very bullish move, thus may be able to see more short term upside movement towards $387. If TSLA rejects below $387, then watch for downside movement towards next support level at $380. Else if TSLA manage to hold $387, then we may see even more relief back towards $394-396.
Target π―:
Sold this Cash Secured Put position yesterday when TSLA was trading around $370. The rest is history. Initially targeted to exit position at 5-20% profit. But seems like TSLA broken above the consolidation price range so will hold it out and see how it goes.
May hold this position till expiry.
Invest safe, Tiger friends! [Allin]
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