Rolling our TLT put contracts to a higher strike price and May expiration date.

This lets us buy more intrinsic value for our bearish bet on bonds, while also extending the amount of time left for our position.

• Sell (to close) our 12 TLT Apr 14th $132 Puts
• Buy (to open) 12 TLT May 20th $135 Puts
• Limit: DEBIT of $3.90 or less
• The new position will represent roughly 8.0% of our Spec Model capital
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• 10:41 Executed
• Sold TLT Apr 14th $132 Puts @ $2.55
• Bot TLT May 20th $135 Puts @ $6.29
• Net Debit: $3.74