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 February 18th $35 Puts
- Buy (to open) the AMC February 18th $31 Puts
- Limit: CREDIT of $3.30 or more
- New position will represent roughly 7.8% of our Spec Model Capital
~~~~~~~~ - 13:15 Executed
- Sold AMC Feb 18th $35 Puts @ $13.00
- Bot AMC Feb 18th $31 Puts @ $9.55
- Net Credit $3.45