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 May 20th $135 Puts
- Buy (to open) the TLT May 20th $131 Puts
- Limit: CREDIT of $3.00 or more
- New position will represent roughly 8.2% of our Spec Model capital
- 9:58 Executed
- Sold TLT May 20th $135 puts @ $9.32
- Bot TLT May 20th $131 Puts @ $6.31
- Net Credit: $3.01