Support / Resistance ๐๐:
Support: $429, $425, $422?
Resistance: $435, $440, $442.5?
Outlook ๐:
TSLA broke above $429 and even $435 price level earlier before harshly rejected at around $435 when overall market dipped slightly yesterday.
Entered this Cash Secured Put position when TSLA traded around $427-$428 yesterday.
Today, TSLA broke and hold $429, thus we should be headed towards $435. If upwards momentum is strong enough to break $435, we should watch for next resistance level at around $439-$442.
Target ๐ฏ:
As shared in previous post, managed to meet my target to exit within 15-30% profit range. Exiting 1 position of my Cash Secured Put as I am satisfied with the profits secured from this swing option. May consider letting the remaining 1 position of my Cash Secured Put position run awhile more, but will definitely exit position before 10 Dec 2025 as FED may potentially announce rate cut.
Trade safe, Tiger friends! [666]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 6.20 1Lot(s) | +26.48% Closed |
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- AlanTigerยท12-03 23:44Okay1Report