SPEC MODEL TRADE ALERT — LRCX

April 6, 2022 at 10:44 am by Zach Scheidt

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
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10:58 No execution yet…
We’ll keep the order open and working for now.
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16:00 No execution…
We can revisit this trade later in the week depending on the price action.

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