Rolling our SPOT 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 SPOT March 18th $190 Puts
- Buy (to open) the SPOT March 18th $170 Puts
- Limit: CREDIT of $17.00 or more
- New position will represent roughly 6.0% of our Spec Model Capital
- 15:38 Executed
- Sold SPOT March 18th $190 Puts @ $38.80
- Bot SPOT March 18th $170 Puts @ $21.37
- Net Credit: $17.43