Rolling our GUSH put contract to a higher strike price.

Oil appears to be running into resistance after a spectacular rally. A pullback could be swift and send shares of GUSH sharply lower.

Rolling our put contract lets us buy more intrinsic value at a discount, and sets us up for better profits when GUSH trades lower.

• Selling (to close) the GUSH April 14th $160 Puts
• Buying (to open) the GUSH April 14th $180 Puts
• Limit: DEBIT of $15.00 or less
• The new position will represent roughly 10.8% of our Spec Model capital
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• 9:52 Executed
• Sold GUSH Apr 14th $160 Puts @ $28.28
• Bot GUSH Apr 14th $180 Puts @ $41.88
• Net Debit: $13.60