$TSLA 20260501 340.0 PUT$ $Tesla Motors(TSLA)$
Support / Resistance ππ:
Support: $375, $367, $355-$357
Resistance: $380, $387, $394-$396
Outlook π:
TSLA seems bearish during market open, drawing down to $367 and subsequently rose back to $375 today. If TSLA is able to hold $375, we may be able to see more short term upside movement towards $380. If TSLA rejects below $375, then watch for support back at $367. Else if TSLA manage to hold $380, then we may see even more relief back towards $385.
Target π―:
Initially wanted to exit this Cash Secured Put position at 5-20% profit but held position longer than expected, and even saw it down -150% at one point of time. Satisfied that I sold heavily on TSLA puts. Will hold this position till expiry, and I am happy with this profit secured.
Invest safe, Tiger friends! [Allin]
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