Rolling our SHOP 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 SHOP March 18th $830 Puts
- Buy (to open) the SPOT March 18th $730 Puts
- Limit: CREDIT of $85.00 or more
- New position will represent roughly 7.4% of our Spec Model Capital
- 10:18 Executed
- Sold SHOP March 18th $830 Puts @ $184.18
- Bot SHOP March 18th $730 Puts @ $98.51
- Net Credit: $85.67