Rolling our ILMN put contract 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 ILMN March 18th $380 Puts
- Buy (to open) one ILMN March 18th $350 Puts
- Limit: CREDIT of $24.00 or more
- New position will represent roughly 8.0% of our Spec Model Capital
- 11:03 Executed
- Sold ILMN March 18th $380 Puts @ $55.61
- Bot ILMN March 18th $350 Puts @ $31.61
- Net Credit $24.00