Rolling our TWLO put contracts to a higher strike price.
This lets us buy more intrinsic value at a discount, and sets us up for better profits when shares move in our favor.
- Selling (to close) the TWLO November 19th $340 Puts
- Buying (to open) the TWLO November 19th $360 Puts
- Limit: DEBIT of $14 or less
- The new position will represent roughly 12.4% of our Spec Model capital
- 15:41 Executed
- Sold TWLO Nov 19th $340 Puts @ 26.72
- Bot TWLO Nov 19th $360 Puts @ $40.52
- Net Debit $13.80