Rolling our TLT put contracts to a higher strike price and April expiration date.
This lets us buy more time value for our bear position and sets up a better risk-reward position to profit if treasury bonds resume their trend lower.
- Sell (to close) the TLT March 18th $143 Puts
- Buy (to open) the TLT April 18th $148 Puts
- Limit: DEBIT of $5.00 or less
- The new position will represent roughly 9.5% of our Spec Model capital
- 15:31 Executed
- Sold TLT March 18th $143 Puts @ $3.65
- Bot TLT April 14th $148 Puts @ $8.65
- Net Debit: $5.00