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 LRCX May 20th $520 Puts
- Limit: CREDIT of $40.00 or more
- New position will represent roughly 10.3% of our Spec Model capital
- 11:39 Executed
- Sold LRCX May 20th $570 Puts @ $94.62
- Bot LRCX May 20th $520 Puts @ $54.45
- Net Credit $40.17