Support / Resistance 📈📉:
Support: $422?, $414.5, $402
Resistance: $425, $430, $438.2
Outlook 📝:
TSLA opened strong today after the SpaceX merger new. Managed to hold $422, thus seems like we are heading in for more short term upside. If TSLA manage to break and hold $430, we should be able to see more short term upside towards $438.2. Else, if TSLA rejects at $430, then watch for short term downside towards support level at $422 again.
Target 🎯:
Entered this Cash Secured Put position when TSLA broke below $438.2 support level, and was trading around $437 on 26 Jan 2026.
Initially target to exit this trade at 15-20% profit, however the bearish strength on TSLA pushed its price below $430. However I held on the position through the reds in view that TSLA is able to rebound.
TSLA rebounded strongly today, but to slightly risk off my account and have an enjoyable weekend, decided to exit this Cash Secure Put option swing trade position early to secure a nice 70% profit, instead of holding it till expiry today.
Overall satisfied with the profits secured.
Trade safe, Tiger friends! [Allin]
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