Stayclose
01:44
$TSLA 20260102 490.0 CALL$ 

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 đŸŽ¯:

Entered this Covered Call position yesterday when TSLA trading around $483 price level, with the view that TSLA would get rejected at either this potential supply level at $483 or $488. Somehow TSLA managed to hold $483 yesterday and was trading around $485-486. I held on this position anyway overnight, and it seems like it paid off.

Initially target to exit position at 15-30% profit, or $100 profit (with stop-loss at same % or $ level) but since we saw TSLA finally rejected off $483 today, held position alittle longer to maximise profit from this Options Swing trade and exit position when TSLA approach near $474.

Happy with the profits secured from this Options Swing trade as we approach the weekend. Not holding any positions over the weekend as usual.

Trade safe, Tiger friends! [666]  

TSLA CALL
12-26 23:23
US20260102 490.0
SidePrice | FilledRealized P&L
Buy
Close
5.70
1Lot(s)
+36.89%
Closed
Tesla Motors
Trade Feed: Who is your favorite trader?
Come to the Trade Feed Topic to find more trading opportunities! Also, please feel free to recommend and introduce fellow Tigers to the "hidden gem traders" that you've discovered!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
104