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
- 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.
- 13:29 Executed
- Sold ROKU Feb 18th $250 Puts @ $58.12
- Bot ROKU Feb 18th $220 Puts @ $34.12
- Net Credit: $24.00