Rolling our PDD put contracts to a lower strike price and January expiration date.
This lets us lock in profits and keep the trade in play while giving us more time before our contracts expire.
- Sell (to close) the PDD December 17th $80 Puts
- Buy (to open) the PDD January 21st $65 Puts
- Limit: CREDIT of $11.50 or more
- The new position will represent roughly 6.7% of our Spec Model capital
~~~~~~~~ - 10:31 Executed
- Sold PDD Dec 17th $80 Puts @ $24.90
- Bot PDD Jan 21st $65 Puts @ $13.20
- Net Credit: $11.70