Rolling our CVNA 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 CVNA May 20th $140 Puts
• Buy (to open) the CVNA May 20th $120 Puts
• Limit: CREDIT of $16.50 or more
• New position will represent roughly 8.2% of our Spec Model capital
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• 10:12 Executed
• Sold CVNA May 20th $140 Puts @ $43.35
• Bot CVNA May 20th $120 Puts @ $26.35
• Net Credit: $17.00