$TSLA 20260511 390.0 PUT$ $Tesla Motors(TSLA)$
Support / Resistance đđ:
Support: $394-396, $387, $380, $375
Resistance: $402, $408 (?), $414.5
Outlook đ:
TSLA opened above $387 during today's market session, thus may be able to see more short term upside movement towards $394-396. If TSLA managed to break and hold $394-396, we may see more short term upside towards $402, then $408 (?). Else if TSLA rejects $394-396, watch for support back at $387. If TSLA breaks below $387, then watch for downside movement towards next support level at $380.
Target đŻ:
Opened thus Cash Secured Put position yesterday when TSLA was trading around $388 price range. Anticipating that TSLA is able to hold $394-396 price range level, else will watch for the next support level at $387 and determine if I want to hold the position longer or just cut-loss.
Target to exit at 20-50% profit from this Cash Secured Put position.
Invest safe, Tiger friends! [666]
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