Support / Resistance ๐๐:
Support: $460, $449-$455, $440
Resistance: $465, $474, $483
Outlook ๐:
TSLA failed to hold $474 and market opened below $474 which was the previous support level, thus anticipating some short term downside momentum. If TSLA is able to hold $465, we may regain some upside movement. Else $465 may potentially be another rejection level.
Next level to watch is $460.
Target ๐ฏ:
Entered this Covered Call position when TSLA trading around $467 price level, with the view that TSLA is already trading below $474, expecting short term downside movement towards $465 or $460.
Target to exit this Covered Call position at 15-30% profit, or $100 profit (with stop-loss at same % or $ level), or when TSLA approach near $465 or $460.
Overall market seems to be weak too thus I have some confidence that this Options scalp position will play out.
Trade safe, Tiger friends! [666]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 7.25 1Lot(s) | -- Closed |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- peppywooยท12-30 04:05Solid strategy! Hope it prints. [ๅผบ]1Report