Rolling our TWLO 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 5 TWLO July 15th $120 Puts
- Buy (to open) 5 TWLO July 15th $105 Puts
- Limit: CREDIT of $12.30 or more
- New position will represent roughly 8.4% of our Spec Model capital
- 10:47 Executed
- Sold 5 TWLO July 15th $120 Puts @ $30.52
- Bot 5 TWLO July 15th $105 Puts @ $18.00
- Net Credit: $12.52