Rolling our UBER put contracts to a lower strike price.
This lets us lock in profits, frees up cash for new trades, and reduces our capital at risk.
- Sell (to close) the UBER November 19th $50 Puts
- Buy (to open) the AMC November 19th $46 Puts
- Limit: CREDIT of $3.30 or more
- New position will represent roughly 7.2% of our Spec Model Capital
- 15:16 Executed
- Sold UBER Nov 19th $50 Puts @ $8.09
- Bot UBER Nov 19th $46 Puts @ $4.70
- Net Credit $3.39