Rolling our AMC 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 AMC January 21st $35 Puts
- Buy (to open) the AMC January 21st $30 Puts
- Limit: CREDIT of $4.00 or more
- New position will represent roughly 9.4% of our Spec Model Capital
- 11:39 Executed
- Sold AMC Jan 21st $35 Puts @ $13.74
- Bot AMC Jan 21st $30 Puts @ $9.53
- Net Credit: $4.21