Buying TSLA put contracts.

After a strong rally following its earnings report, shares of TSLA appear to be hitting resistance.

The stock still carries a premium price compared to earnings. And risks are mounting including competition with other auto manufacturers, drama with Musk’s Twitter transaction, and a potential slowdown for the global economy.

This trade also helps to add balance to our overall Spec Model Portfolio which has been situated to take advantage of a bear market rally.