Rolling our PTON 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 PTON November 19th $95 Puts
- Buying (to open) the PTON November 19th $105 Puts
- Limit: DEBIT of $7.00 or less
- The new position will represent roughly 11.8% of our Spec Model capital
- 10:24 Executed
- Sold PTON Nov 19th $95 Puts @ $7.70
- Bot PTON Nov 19th $105 Puts @ $14.70
- Net Debit: $7.00