Support / Resistance đđ:
Support: $422 (?), $414.5, $402
Resistance: $425, $430, $435
Outlook đ:
TSLA opened around $422 when the market opened earlier, and broke below $422 shortly after. We may be heading in for more short term downside towards $414.5. If TSLA manage to hold $414.5, we should be able to see support at this level. If TSLA breaks below $414.5, then watch for even more short term downside towards support level at $402. If TSLA manage to hold and maintain $414.5 we should be able to see it bounce back up towards $422, then $430 then $435.
Target đ¯:
Entered this Cash Secured Put position when TSLA was trading around $418 earlier. Seems like TSLA holding $414.5 well today. Will consider letting this contract expire to secure the 100% profit if TSLA continues to be bullish.
Trade safe, Tiger friends![Allin]
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