Rolling our TSLA 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 TSLA July 22nd $800 Puts
- Buy (to open) 2 TSLA July 22nd $750 Puts
- Limit: CREDIT of $39.00 or more
- New position will represent roughly 14.4% of our Spec Model capital
- 11:31 Executed
- Sold 2 TSLA July 22nd $800 Puts @ $101.87
- Bot 2 TSLA July 22nd $750 Puts @ $62.87
- Net Credit: $39.00