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 February 18th $250 Puts
• Buy (to open) the ROKU February 18th $220 Puts
• Limit: CREDIT of $24.00 or more
• New position will represent roughly 7.7% of our Spec Model Capital
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• 11:22 Update: Our order has not been executed.
• ROKU began trading higher.
• We will leave the order in play for today but will not “chase” by adjusting our limit price.
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• 13:29 Executed
• Sold ROKU Feb 18th $250 Puts @ $58.12
• Bot ROKU Feb 18th $220 Puts @ $34.12
• Net Credit: $24.00