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) our 10 AMZN July 15th $135 Puts
- Buy (to open) 10 AMZN July 15th $120 Puts
- Limit: CREDIT of $13.00 or more
- New position will represent roughly 10.9% of our Spec Model capital
~~~~~~ - 10:29 Executed
- Sold 10 AMZN July 15th $135 Puts @ $24.80
- Bot 10 AMZN July 15th $120 Puts @ $11.70
- Net Credit: $13.10