To The Moon

In my earlier article on $Tesla Motors(TSLA)$ , where I highlighted the suspected bearishness on the stock, if a trader has traded into DLC $TESLA 3xShortSG261006(TSXW.SI)$, this is a 34.1% gain on the short DLC, while Tesla dropped by 3.55%.

Updates on Tesla price

Tesla (TSLA) recently pulled back from a key resistance zone and is now testing support around US$330. This level marks the neckline of the previous breakout structure.

If US$330 fails to hold, the next significant support may be found near US$290, as indicated by prior consolidation levels. The RSI is declining, suggesting that downward momentum could extend if support is broken.

Using DLCs for Short-Term Trading

• Short DLCs (e.g., $TESLA 3xShortSG261006(TSXW.SI)$ or $TESLA 3xShortSG261204US$(TSUW.SI)$ ):

  Aim to gain when the underlying stock declines.

  May be used tactically if TSLA breaks below US$330, with downside potential toward US$290.

• Long DLCs (e.g. $TESLA 3xLongSG261006(TSYW.SI)$ ):

  Aim to gain when the stock rises.

  May be considered if TSLA holds US$330 and shows signs of recovery.

Key Considerations:

• DLCs are reset daily and work best for short-term trades.

• They amplify both gains and losses.

• Pricing is affected by the underlying's move, volatility, and market conditions.

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Disclaimer: 

This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.