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 $31 Puts
- Buy (to open) the AMC February 18th $25 Puts
- Limit: CREDIT of $5.20 or more
- New position will represent roughly 5.2% of our Spec Model Capital
- 10:40 Executed
- Sold AMC Feb 18th $31 Puts @ 12.77
- Bot AMC Feb 18th $25 Puts @ $7.52
- Net Credit: $5.25