Rolling our TSLA put contract to a higher strike price.

After breaking down sharply this month, TSLA has bounced back toward the level where it initially found support. This looks like a short-term rebound and breakdown stocks often re-test the price point where the breakdown began.

Rolling our put contract lets us buy more intrinsic value at a discount, and sets us up for better profits when TSLA trades lower.

• Selling (to close) the TSLA March 18th $900 Put
• Buying (to open) the TSLA March 18th $950 Put
• Limit: DEBIT of $35.00 or less
• The new position will represent roughly 8.7% of our Spec Model capital
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• 12:27 Executed
• Sold TSLA March 18th $900 Put @ $69.31
• Bot TSLA March 18th $950 Put @ $103.86
• Net Debit: $34.55