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 $245 Puts
- Buy (to open) the SQ January 21st $220 Puts
- Limit: CREDIT of $19.50 or more
- New position will represent roughly 8.0% of our Spec Model Capital
- 12:03 Executed
- Sold ROKU Jan 21st $245 Puts @ $54.53
- Bot ROKU Jan 21st $220 Puts @ $34.53
- Net Credit: $20.00