$TSLA 20260213 385.0 PUT$ $Tesla Motors(TSLA)$
Support / Resistance đđ:
Support: $414.5, $402, $396
Resistance: possibly $422?, $425, $430
Outlook đ:
TSLA was flirting around $414.5 the entire first half of the market opening, and $414.5 support seems to be holding strong.
We may be heading in for more short term upside if this level manage to hold today. Next level to watch is $422. If TSLA manage to break and hold $422, we should be able to see more short term upside towards $425, then $430. Else, if TSLA rejects at $422, then watch for short term downside towards support level at $414.5 again.
Target đŻ:
Was difficult to hold this Cash Secured Put position through last 2 weeks due to the massive corrections, but I am glad I held it through.
Was looking to either secure a 10-30% profit for these 2 Cash Secured Put swing position, but since we saw TSLA reclaimed back $414.5, will hold the positions till it expire i.e. 100% profits secured.
Satisfied with how this options swing trade turns out.
Trade safe, Tiger friends! [Allin]
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