Rolling our TWLO put contracts to a higher strike price and reducing the number of contracts.
TWLO is rebounding and close to 50-day average resistance. Rolling to a higher strike to buy time premium at a discount, and reducing the number of contracts to manage risk.
- Sell (to close) two TWLO November 19th $360 Puts
- Buy (to open) two TWLO November 19th $380 Puts
- Limit: DEBIT of $15.00 or less
- New position will represent roughly 10.3% of our Spec Model Capital
- Sell (to close) remaining 1 TWLO November 19th $360 Put
- Limit: $32.20 or more
- 11:13 Executed
- Sold 2 TWLO Nov 19th $360 Puts @ $32.25
- Bot 2 TWLO Nov 19th $380 Puts @ $46.75
- Net Debit $14.50
- Sold 1 TWLO Nov 19th $360 Put @ $32.20