๐ผ TSLA Cash Secured Put โ Pullback Play at $345 ๐
Not financial advice. Sharing my personal trade journey.
I eentered this Sell Cash Secured Put position (avg cost price $2.65) when TSLA was trading around $344-345, viewing this level as a potential strong pullback support zone.
๐ฏ Profit Target: Initially my target profit was only aiming for 20โ50% gains on this swing trade, with stop-loss around same % (Please dont mirror my stop-loss as my risk appetite is higher). However, as I saw TSLA time and again break & hold key levels such as $345, $348-350, and then $359, held this position longer than I expected.
๐ Support Zones: $360 โ $355 โ $348โ350
๐ Resistance Levels: $367-$368 โ $373
Outlook:
If TSLA breaks & holds $367-$368, I expect more short-term upside momentum towards $373.
If TSLA fails to break $367-$368, I might possible find a strong rejection at $367-$367 and then a retracement back to $360, and possibly lower to $355~.
For now, satisfied with the profits locked in. Currently still have 1 exact same Cash Secured Put position, will hold till expiry on 19 Sep 2025 for position to auto close.
Trade safe, Tiger friends! ๐ฏ
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.31 1Lot(s) | +86.48% Closed |
Modify on 2025-09-12 08:49
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- bubbly9ยท09-12Great strategy1Report