Tesla Inc. (TSLA) experienced a significant downturn, with traders closely monitoring the $160 support level. Over the weekend, negative news impacted the stock, leading to a flurry of trading activity. Traders capitalized on the drop by purchasing puts as the stock broke under $168.52, achieving gains around 50%. One specific put option, 165P, increased from 2.5 to 3.8, reflecting a +52% gain. The stock hovered near $164, with defined support at $160.51. If Tesla's stock price fails to hold above $166.71, it could test lower levels. Some traders booked profits on options and rolled their gains into different positions, while others added to their holdings, with one investor buying 18 shares at $161.