Rolling our TSLA 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 TSLA March 18th $1,000 Puts
- Buy (to open) the SPOT March 18th $900 Puts
- Limit: CREDIT of $85.00 or more
- New position will represent roughly 7.9% of our Spec Model Capital
- 12:32 Executed
- Sold TSLA March 18 $1,000 Puts @ $195.35
- Bot TSLA March 18 $900 Puts @ $110.35
- Net Credit: $85.00