Selling our TSLA put contracts to manage risk.

Shares of TSLA have begun to rebound from the stock’s 200-day average. We’re closing our put contracts which still have a decent amount of value.

TSLA is still very expensive relative to earnings. And the stock should be a good short candidate for months to come. But with markets bouncing from an oversold level, the TSLA rebound could give us a much more attractive entry point.

Meanwhile, our in-the-money put strategy is helping to mange our risk as the put contracts still carry value even with TSLA moving above our strike price.