Rolling our SHOP 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 SHOP February 18th $970 Put
- Buy (to open) the SHOP March 18th $830 Put
- Limit: CREDIT of $105.00 or more
- The new position will represent roughly 8.2% of our Spec Model capital
- 9:51 Executed
- Sold SHOP Feb 18th $970 Put @ $218.62
- Bot SHOP Mar 18th $830 Put @ $106.62
- Net Credit: $112.00