Rolling our ROKU 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 ROKU December 17th $275 Puts
- Buy (to open) the ROKU December 17th $255 Puts
- Limit: CREDIT of $16.00 or more
- New position will represent roughly 10.3% of our Spec Model Capital
~~~~~~~~ - 10:24 Executed
- Sold ROKU Dec 17th $275 Puts @ $46.71
- Bot ROKU Dec 17th $255 Puts @ $29.25
- Net Credit: $17.46