Rolling our TSLA put contracts to a higher strike price and September 16 expiration date.
This lets us buy more time for our bear trade to work out.
- Sell (to close) our 1 TSLA August 19th $900 Put
- Buy (to open) 1 TSLA September 16th $980 Put
- Limit: DEBIT of $83.00 or less
- The new position will represent roughly 9.0% of our Spec Model capital
- 11:17 Executed
- Sold 1 TSLA August 19th $900 Put @ $17.90
- Bot 1 TSLA September 16th $980 Put @ $100.70
- Net Debit: $82.80