$TSLA 20260511 390.0 PUT$ $Tesla Motors(TSLA)$
Support / Resistance ππ:
Support: $422 (?), $414.5, $402
Resistance: $425, $430, $435
Outlook π:
TSLA opened around $422 when the market opened earlier, and broke below $422 shortly after. We may be heading in for more short term downside towards $414.5. If TSLA manage to hold $414.5, we should be able to see support at this level. If TSLA breaks below $414.5, then watch for even more short term downside towards support level at $402. If TSLA manage to hold and maintain $414.5 we should be able to see it bounce back up towards $422, then $430 then $435.
Target π―:
Entered this Cash Secured Put position when TSLA was trading around $394-396 the past week. Will happily let this contract expire to secure the 100% profit.
Satisfied with the profits secured from this option tswing trade.
Trade safe, Tiger friends![Allin]
Modify on 2026-05-11 23:22
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- winzyΒ·05-12 17:53Nice 390 put trade lol, that 414.5 level feels key. You think it actually holds if selling picks up again?LikeReport
- dooziΒ·05-12 17:53I sold too early lol, 414.5 really holds here?LikeReport
