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03-16

$TSLA 20260316 380.0 PUT$  $Tesla Motors(TSLA)$  

Support / Resistance 📈📉:

Support: $396, $387, $380

Resistance: $402, $408 (?), $414.5

Outlook 📝:

TSLA opened and seemingly broke above $402 today. If TSLA manage to hold $402, we may be able to see more short term relief towards $408. Else, if TSLA rejects below $402, then watch for short term downside towards next support level at $394-396 then $387.

Target 🎯:

Entered this Cash Secured Put position when TSLA was trading at around $396, with the objective to ride in the short term upside wave towards $408.

Initially target to exit position at around 5-15% profit, but since TSLA managed to keep up the $394-396 support level pretty well, decided to hold this options swing trade position till expiry.

There are still alot of uncertainties in the market, so keep your positions short and small for traders, and keep investing for investors.

Trade safe, Tiger friends! [Allin]   

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