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 January 21st $275 Puts
- Buy (to open) the ROKU January 21st $245 Puts
- Limit: CREDIT of $24.00 or more
- New position will represent roughly 8.6% of our Spec Model Capital
- 11:09 Executed
- Sold ROKU Jan 21st $275 Puts @ $58.62
- Bot ROKU Jan 21st $245 Puts @ $33.48
- Net Credit: $25.14