Justification for putting on this strategy:
Hi IV percentile, 89%
170 strike is long term support level.
TSLA has been downtrend for the past two weeks.
credit collected $5.4
Probability of Profit: 90%
TP level: 1/3 - 2/3 of credit collected
StopLoss level: 2x
Hi IV percentile, 89%
170 strike is long term support level.
TSLA has been downtrend for the past two weeks.
credit collected $5.4
Probability of Profit: 90%
TP level: 1/3 - 2/3 of credit collected
StopLoss level: 2x
Trade active
price action is continuously moving towards my favor, credit $5.4 is now worth around $5.1Trade closed: target reached
1/3 profit achieved, trade closed. Winning trade!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.