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
- 11:47 Executed
- Sold TLT Apr 14th $148 Puts @ $12.03
- Bot TLT Apr 14th $143 Puts @ $7.70
- Net Credit: $4.33