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03-18 00:08

$TSLA 20260327 355.0 PUT$  $Tesla Motors(TSLA)$  

Support / Resistance 📈📉:

Support: $396, $387, $380

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

Outlook 📝:

TSLA opened and tried to test $402 today, but is trading back below $402 price level. If TSLA manage to break and 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 $384, with the objective to ride in the short term upside wave towards $408.

Target to exit position at around 5-15% profit, but TSLA seems to be holding $394-396 well, thus may consider holding this 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! [666]   

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