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 $143 Puts
- Buy (to open) the TLT April 14th $138 Puts
- Limit: CREDIT of $4.20 or more
- New position will represent roughly 6.3% of our Spec Model Capital
- 10:57 Executed
- Sold TLT Apr 14th $143 Puts @ $10.98
- Bot TLT Apr 14th $138 Puts @ $6.60
- Net Credit: $4.38