Stayclose
05-07 00:44
$TSLA 20260511 390.0 PUT$ 

Support / Resistance 📈📉:

Support: $394-396, $387, $380, $375

Resistance: $402, $408 (?), $414.5

Outlook 📝:

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 đŸŽ¯:

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.

Initially targeting to exit at 20-50% profit from this Cash Secured Put position, but to risk off on my long term portfolio, decided to shave off 1 lot of this Cash Secured Position to secure 7% profit first, while leaving 2 more lots to run.

Invest safe, Tiger friends! [Allin]  

TSLA PUT
05-07 00:03
US20260511 390.0
SidePrice | FilledRealized P&L
Buy
Close
4.80
1Lot(s)
+7.42%
Closed
Tesla Motors
Trade Feed: Who is your favorite trader?
Come to the Trade Feed Topic to find more trading opportunities! Also, please feel free to recommend and introduce fellow Tigers to the "hidden gem traders" that you've discovered!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Cliff
    05-07 01:13
    Cliff
    Nice setup! Gotta manage risk with those CSPs.
Leave a comment
1
270