Tesla in Trouble? – Bearish Options Action Trade for March 4th, 2019

On Friday’s Options Action, the crew analyzed the performance of Tesla stock. Tesla has benefited from being lead by a serial entrepreneur and created industry-leading electric cars, years ahead of its competition. However, competition is now catching up and TSLAWealth Strength IndexAAPL is Extremely Up and trending Up may need to raise new capital. Expecting TSLAWealth Strength IndexAAPL is Extremely Up and trending Up to pullback, Michael Khouw suggests buying an April/June 250 Put Calendar for an $11.25 Debit. As of Friday’s close, these puts were trading at a $10.40 Debit.

We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: TSLAWealth Strength IndexAAPL is Extremely Up and trending Up Options Action Video