Rolling our SPOT 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 SPOT May 20th $165 Puts
• Buy (to open) the SPOT May 20th $130 Puts
• Limit: CREDIT of $29.00 or more
• New position will represent roughly 5.2% of our Spec Model capital
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• 11:02 Executed
• Sold SPOT May 20th $165 Puts @ $49.55
• Bot SPOT May 20th $130 Puts @ $19.05
• Net Credit: $30.50