Rolling our AMZN 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 AMZN June 3rd $2250 Put
- Buy (to open) the AMZN June 3rd $2125 Put
- Limit: CREDIT of $93 or more
- New position will represent roughly 12.1% of our Spec Model capital
- 10:24 Executed
- Sold AMZN June 3rd $2250 Put @ $225.85
- Bot AMZN June 3rd $2125 Put @ $130.35
- Net Credit: $95.50