$TSLA 20260522 340.0 PUT$ $Tesla Motors(TSLA)$
Support / Resistance ππ:
Support: $422 (?), $414.5, $402
Resistance: $422 (?), $425, $430, $435
Outlook π:
TSLA rose above $414.5 during pre-market. Anticipate that it should open above $414.5 when the market open later. We may be heading in for more short term upside towards $430 if $422 (?) level manage to hold today. If TSLA manage to break and hold $430, we should be able to see more short term upside towards $435. Else, if TSLA rejects at $430, then watch for short term downside towards support level at $422 again. If TSLA also rejects below $422, then watch for $414.5 support level.
Target π―:
Entered this Cash Secured Put position when TSLA was trading back at $358~ during the Straitz of Hormuz circus. Initially target to exit at 10-25% profit but the rest is history. Happy to let this position expire worthless for the 100% profit.
Trade safe, Tiger friends! [Allin]
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