Rolling our PDD 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 PDD December 17th $105 Puts
- Buy (to open) the PDD December 17th $80 Puts
- Limit: CREDIT of $21.50 or more
- New position will represent roughly 8.2% of our Spec Model Capital
~~~~~~~~ - 12:21 Executed
- Sold PDD Dec 17th $105 Puts @ $36.92
- Bot PDD Dec 17th $80 Puts @ $13.77
- Net Credit $23.15