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12-26 23:21

$TSLA 20251226 450.0 PUT$  $Tesla Motors(TSLA)$  

Support / Resistance 📈📉:

Support: $474, $465, $449-$455

Resistance: $483, $488, ATH

Outlook 📝:

TSLA got rejected at both $488 &$483 price level again, thus we might be seeing some short term downside momentum towards $474. If $474 fails to hold, then more downside momentum to be seen. Else $474 may be potential support area. 

Target 🎯:

Entered this Cash Secured Put position when TSLA is trading around $474 previously last week, with the view that TSLA may potentially bounce back up around this level.

Initially target to exit position at 15-30% profit, or $100 profit, or when TSLA trades back to $483 (previous resistance level). But TSLA had huge bullish momentum since it bounced off $465 and hit ATH, thus decided to hold this Cash Secured Put position till expiry today.

Happy with the 100% profits secured from this Options Swing trade.

Road to recovery from last week's Tuesday loss. I think I might have already recovered successfully already.

Trade safe, Tiger friends! [666]   

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