Support / Resistance ๐๐:
Support: $408 (?), $402, $394-396, $387, $380
Resistance: $408 (?), $414.5, $420 / $422 (?), $430
Outlook ๐:
SPCX IPO finally dropped last Friday. Will be watching TSLA price today, as it should start to stabilise more.
TSLA opened above $408 (?) today, thus will watch if TSLA is also able to reclaim $414.5. If TSLA manage to hold above $414.5, will watch for next resistance at $422 (?). If TSLA manage to bold $414.5, we may be heading in for more short term upside towards $430. If TSLA manage to break and hold $430, we should be able to see more short term upside towards $435.
Else, if TSLA rejects at $414.5, then watch for short term downside towards support level at $408 (?) again. If TSLA also rejects below $408 (?), then watch for $402 support level, then $394-397.
$397 hold is a crucial level to watch today to determine TSLA's price movement this week.
Target ๐ฏ:
Entered this Cash Secured Put position when TSLA was trading at around $409 earlier. Will exit position at 10-20% gain, else will exit when TSLA trades near $414.5.
Stop-loss at the same % range. Looking for a quick in and out in this trade.
Trade safe, Tiger friends! [666]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 12.90 1Lot(s) | -- Closed |
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- zoomziยท06-15TOP410 cash-secured put at 12.9 is clean. If 414.5 gets reclaimed, you letting theta work or closing fast?1Report