Rolling our ROKU 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 ROKU May 20th $150 Puts
- Buy (to open) the ROKU May 20th $120 Puts
- Limit: CREDIT of $25.50 or more
- New position will represent roughly 6.5% of our Spec Model capital
- 12:59 Executed
- Sold ROKU May 20th $150 Puts @ $50.44
- Bot ROKU May 20th $120 Puts @ $24.52
- Net Credit: $25.92