Rolling our SNOW 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 4 SNOW August 19th $170 Puts
- Buy (to open) 4 SNOW August 19th $150 Puts
- Limit: CREDIT of $16.70 or more
- New position will represent roughly 8.4% of our Spec Model capital
- 10:51 Executed
- Sold 4 SNOW August 19th $170 Puts @ $37.70
- Bot 4 SNOW August 19th $150 Puts @$20.80
- Net Credit: $16.90