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.