Rolling our TDOC 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 TDOC November 19th $140 Puts
- Buying (to open) the TDOC November 19th $150 Puts
- Limit: DEBIT of $7.00 or less
- The new position will represent roughly 7.8% of our Spec Model capital.
- 12:31 Executed
- Sold TDOC Nov 19th $140 Puts @ $8.52
- Bot TDOC Nov 19th $150 Puts @ $15.01
- Net Debit: $6.49