Rolling our LRCX 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 LRCX May 20th $570 Puts
- Buy (to open) the TLT May 20th $540 Puts
- Limit: CREDIT of $24.00 or more
- New position will represent roughly 12.7% of our Spec Model capital
~~~~~~ - 10:58 No execution yet…
- We’ll keep the order open and working for now.
~~~~~~~ - 16:00 No execution…
- We can revisit this trade later in the week depending on the price action.