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 $120 Puts
- Buy (to open) the ROKU May 20th $100 Puts
- Limit: CREDIT of $17.50 or more
- New position will represent roughly 4.7% of our Spec Model capital
~~~~~~~~ - 11:03 Executed
- Sold ROKU May 20th $120 Puts @ $32.64
- Bot ROKU May 20th $100 Puts @ $14.72
- Net Credit: $17.92