Support: $396, $393, $384
Resistance: $402, $411-414, possibly $422?
Market started off with another sell off. Saw the opportunity to open a Cash Secured Put position for TSLA as TSLA pulled back to around $393 earlier which was quite a huge support level.
After the overall market selloff, saw that overall market seemed oversold, similarly for TSLA. Thus decided to open the Cash Secured Put position to take advantage of the flip. If overall market turned towards the upside, we may see $393 turning into support and short term upside movement towards $393 or $402. Else watch for more downside towards $384.
Target profit of 15-30% was hit, thus exiting my Cash Secured Put position to secure the profit and enjoy the weekend.
Trade safe, Tiger friends! [Heart]
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