2. Day #2 – Busy Day!
DISCLAIMER: This is a simulated educational exercise using paper trading fake money. This is not investment advice and is not intended to be copied.
Today I didn’t get much time at all for trading, let alone writing this post. So bear with me as we keep this one short and sweet!
It was a down day in the market but so far my two open put contracts I wrote yesterday have not been executed. So I’m still sitting on that premium, waiting for the time value to whittle away enough to close them at an 80% profit.
Today I did notice some bullish trends for TSLA. My AI was showing a trend towards TSLA across many models.
![](http://optionalai.com/wp-content/uploads/2023/04/Screenshot-2023-04-04-at-1.57.28-PM-1024x439.png)
Looking deeper, I noticed a couple of things. For one, it seemed to project a safe-ish put around 187 for next week:
![](http://optionalai.com/wp-content/uploads/2023/04/Screenshot-2023-04-04-at-1.58.55-PM-1024x570.png)
Again, I checked basic technicals and saw an area of resistance on the daily, by no coincidence around that 187 mark.
![](http://optionalai.com/wp-content/uploads/2023/04/Screenshot-2023-04-04-at-1.58.44-PM-1024x497.png)
So I went and executed the trade:
SELL -1 TSLA 100 14 APR 23 180 PUT @2.42
That’s all for today! Super short on time, stay tuned later for a broader update at the young simulated portfolio!