Put Spread on TSLA on 5/10/2016

Tesla Motors, Inc. (TSLA) designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the United States, China, Norway, and internationally.

It primarily offers sedans and sport utility vehicles. The company also offers electric vehicle powertrain components and systems to other manufacturers.

Tesla Motors, Inc. sells its products through a network of Tesla stores and galleries, as well as through Internet.

Following the company's launch of its Model 3, shares rose to YTD high. Following the launch, the company released its quarterly results that missed the expectations. That, in conjunctions with doubts about the company's ability to deliver the new vehicle, have pushed shares lower into a bearish flag. Lower share prices are expected for this stock as many expect the company to issue new stock or convertible.

We will be trading May 27th Options

52-Weeks Trading Range: $141.05 - $286.65

Last Trade: $206.85

Trade Buy 1 May $207.50 Put at $8.60 Sell 1 May $200.00 Put at $5.25 For a net debit of $3.35 Profit/Loss Analysis Breakeven at $204.15 Maximum profit is $415.00 at strike of $200.00 Maximum loss is ($335.00) at strike of $208.00 Closing Summary Sold 1 May $207.50 Put at $0.00 Bought 1 May $200.00 Put at $0.00

Position closed on 5/27/2016 at price of $0.00 with a -100.00% loss in 16 days.

Updates

5/27/2016 10:07:23 AM

TSLA put spread closed.

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