Rolling our COIN 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 7 COIN July 15th $70 Puts
- Buy (to open) 7 COIN July 15th $60 Puts
- Limit: CREDIT of $8.30 or more
- New position will represent roughly 8.5% of our Spec Model capital
- 11:56 Executed
- Sold 7 COIN Jul 15th $70 Puts @ $19.98
- Bot 7 COIN Jul 15th $60 Puts @ $11.45
- Net Credit: $8.53