$TSLA 20260918 335.0 PUT$ $Tesla Motors(TSLA)$
Support / Resistance đđ:
Support: $357-358, $348-351, $337, $328-330
Resistance: $364, $374, $382.5
Outlook đ:
TSLA had been trading within the range of $354-$364 the past weeks.
If TSLA is able to hold $357-358, then we may see short term upside towards $364. If TSLA manage to break and hold $364, we should be able to see more short term upside towards $374.
Else, if TSLA rejects at $364, then watch for support back at $357-358. If it breaks below $357-358, then watch for even more short term downside towards support level at $348-$351 again. If TSLA also rejects below $348-351, then watch for $337 support level.
Target đŻ:
Entered this Cash Secured Put position when TSLA was trading around $330 level.
Initially target to exit at 10-20% profit. Stop-loss around the same % range. Happy to let this position expire worthless tonight, to secure the 100% profit for this TSLA cash secured put options swing trade.
Trade safe, Tiger friends! [Allin]
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