Saw another opportunity to trade TSLA, playing the downside of TSLA.
TSLA broke $298 and $306 level today, thus we saw further upside push on TSLA. Next level of resistance is $320.
Saw the opportunity to play the downside of TSLA when it hit $320, got in this cash secured put position ($5.30) when TSLA around $318-$319, waiting for the rejection to happen around this level which it kinda did.
TSLA rejected $320 towards $317 where I exit my cash secured put position (at $4.20), securing about $100USD profit.
TSLA need to break above $320 for more upside continuation, otherwise watch tor support at $306 or $310. Today TSLA seems to have some small support at $316 as well.
Satisfied with the profit, thus I am done intraday option trading TSLA for the day.
Trade safe Tiger friends!
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