Rolling our TLT 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 TLT February 18th $149 Puts
- Buy (to open) the TLT February 18th $145 Puts
- Limit: CREDIT of $3.30 or more
- New position will represent roughly 6.5% of our Spec Model Capital
- 15:53 Executed
- Sold TLT Feb 18th $149 Puts @ $9.46
- Bot TLT Feb 18th $145 Puts @ $6.05
- Net Credit: $3.41