Selling our TSLA put contracts to lock in small profits.

Shares of TSLA are holding up today despite the fact that the rest of the market is down sharply.

This is a sign of relative strength and comes after TSLA has had a truly spectacular fall over the last several weeks. The stock is now washed out and a relief rally wouldn’t be surprising.

Fortunately, we’ve been able to lock in some great profit along the way with our previous put positions.

For now, we’ll go ahead and close out the position. We may have an opportunity to re-enter a new bearish play after the a rebound or a consolidation.

• Selling (to close) our TSLA January 20th $180 Puts
• Limit $26.20 or more

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• Executed 13:57
• SOLD 3 TSLA Jan 20th $180 Puts @ $26.67