Rolling our TSLA put contract to a higher strike price.

TSLA has rallied to a key level of resistance from earlier in the year. This would be a natural place for the stock to reverse and start trading lower again.

Rolling our put contract lets us buy more intrinsic value at a discount, and sets us up for better profits when TSLA trades lower. Plus, having a bearish position for TSLA helps to balance our exposure with plenty of bullish positions in play.

• Selling (to close) the TSLA April 14th $840 Put
• Buying (to open) the TSLA April 14th $1,000 Put
• Limit: DEBIT of $82.00 or less
• The new position will represent roughly 6.4% of our Spec Model capital
  ~~~~~~~
• 10:14 Executed
• Sold TSLA Apr 14th $840 Put @ $25.40
• Bot TSLA Apr 14th $1,000 Put @ $104.90
• Net Debit: $79.50