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 $120 Puts
- Buy (to open) 10 AMZN July 15th $110 Puts
- Limit: CREDIT of $7.60 or more
- New position will represent roughly 9.7% of our Spec Model capital
- 10:53 Executed
- Sold 10 AMZN July 15th $120 puts @ $18.24
- Bot 10 AMZN July 15th $110 Puts @ $10.44
- Net Credit: $7.80