Rolling our TLT put contracts to a lower strike price and March expiration date.
This lets us lock in profits and keep the trade in play while giving us more time before our contracts expire.
- Sell (to close) the TLT February 18th $150 Puts
- Buy (to open) the TLT March 18th $143 Puts
- Limit: CREDIT of $5.80 or more
- The new position will represent roughly 7.0% of our Spec Model capital
- 14:13 Executed
- Sold TLT Feb 18th $150 Puts @ $12.96
- Bot TLT Mar 18th $143 Puts @ $6.99
- Net Credit: $5.97