๐ TSLA Cash Secured Put โ Managing Pullback & Risk ๐ผ
Not financial advice. Sharing my personal trade journey.
TSLA broke below a key support level at $322 back on 20th Aug intraday. I entered a Sell Cash Secured Put position when TSLA was trading around $316, with the view that $311 (last Wednesday's low) could serve as a strong pullback support zone.
๐ฏ Profit Target: As shared previously, was looking at taking profits in the 20-50% range, thus I am satisfied with the profits for this swing trade.
๐ Support Zones: $335 โ $329-$330 โ $322
๐ Resistance Levels: $338 โ $342 โ $347
Outlook:
TSLA broke many key resistant levels today, $322 and then $329-$330 and $335. If TSLA is able to break and hold $338, we may see more short term upside.
May try to find more opportunities if TSLA have any form of pulls back to $335 or $330 and hold.
Trade safe, Tiger friends! ๐ฏ
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.92 1Lot(s) | +59.03% Closed |
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- chikkiยท2025-08-23ๅพๆฃ็ๅๆ๏ผๅๆฌข่ฟไธช็ป่๏ผ[Heart]1Report