Next TSLA resistance level is $349
Next $Tesla Motors(TSLA)$ resistance level is $349
If we break this market bias this could be the short term bottom
Need the daily bx to also make HL
Now that I am no longer in cash puts I will either wait for another sell off or once we get confirmation on the daily chart I will go with calls
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PS：It just usually depends on the current set up
If my cash secured puts would have filled this Friday I would’ve ended up buying the stock
Now that I covered them since I’m up almost all of the premium. I’m going to look to go with call options, but only about 30% of the total position that I want to build out.
This way, if the bounce happens very quickly, and I don’t get to build out the bigger position I will at least have some strong leverage to the upside
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