Opened a Cash Secured Put on TSLA with an average premium of $3.70, when TSLA was trading around $342.
Currently holding the position with a target exit range of $2.00–$2.50, depending on how TSLA behaves. I may hold a little longer if bullish momentum continues.
Key Levels to Watch on TSLA:
Support: $337 (prior day high), $320, and $313–314
Resistance: $360 is the next big test
Important: TSLA needs to hold $345 today to maintain its upside momentum
Fun Fact:
TSLA is now trading above its 200-day Simple Moving Average (SMA) which is a strong bullish signal. Why does it matter? The 200SMA is a widely followed long-term trend indicator. When price breaks above it, it often attracts institutional buyers and signals a potential shift from a bearish to bullish market structure.
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