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.

Looking deeper, I noticed a couple of things. For one, it seemed to project a safe-ish put around 187 for next week:

Again, I checked basic technicals and saw an area of resistance on the daily, by no coincidence around that 187 mark.

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!

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