$TSLA 20251226 450.0 PUT$ $Tesla Motors(TSLA)$
Support / Resistance đđ:
Support: $474, $465, $449-$455
Resistance: $483, $488, ATH
Outlook đ:
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 đŻ:
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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