$TSLA 20260501 340.0 PUT$ $Tesla Motors(TSLA)$
Support / Resistance ππ:
Support: $396, $387, $380
Resistance: $402, $408 (?), $414.5
Outlook π:
TSLA opened around $394, hovered around for awhile and then 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 π―:
Entered this Cash Secured Put position when TSLA was trading at around $350, with the objective to ride in the upside wave as war de-escalated.
Initially targeted to exit this Cash Secured Put position at 5-15% profit range, but since TSLA's trend switched back to the upside, will hold this position till expiry.
Trade safe, Tiger friends! [Allin]
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