Rolling our TLT 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 TLT April 14th $148 Puts
• Buy (to open) the TLT April 14th $143 Puts
• Limit: CREDIT of $4.20 or more
• New position will represent roughly 7.8% of our Spec Model Capital
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• 11:47 Executed
• Sold TLT Apr 14th $148 Puts @ $12.03
• Bot TLT Apr 14th $143 Puts @ $7.70
• Net Credit: $4.33