Rolling our SHOP 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 2 SHOP July 15th $430 Puts
- Buy (to open) 2 SHOP July 15th $370 Puts
- Limit: CREDIT of $47 or more
- New position will represent roughly 12.3% of our Spec Model capital
- 10:00 Executed
- Sold 2 SHOP July 15th $430 Puts @ $117.55
- Bot 2 SHOP July 15th $370 Puts @ $67.55
- Net Credit: $50.00