Rolling our SPWR puts to a higher strike price and December expiration.
Solar energy stocks are gaining as the energy crisis and strong demand for electricity drives demand higher. Our SPWR position has been very profitable, and by rolling to December contracts we’ll be able to lock in even more income from this important area of the market and economy.
- Buy (to close) two SPWR November 19th $25 puts
- Sell (to open) one SPWR December 17th $30 puts
- Limit: Net CREDIT of $1.75 or more
- The new position will represent roughly 5.9% of our model.
- 10:04 Executed
- Bot SPWR Nov 19th $25 Puts @ $0.30
- Sold SPWR Dec 17th $30 Puts @ $2.05
- Net Credit $1.75