Rolling our CVNA put contract to a higher strike price.

This lets us buy more intrinsic value at a discount, and sets us up for better profits when CVNA trades lower.

• Selling (to close) our 7 CVNA September 16th $50 Puts
• Buying (to open) 7 CVNA September 16th $60 Puts
• Limit: DEBIT of $7.20 or less
• The new position will represent roughly 8.7% of our Spec Model capital
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• 11:20 Executed
• Sold 7 CVNA September 16th $50 Puts @ $6.35
• Bot 7 CVNA September 16th $60 Puts @ $13.05
• Net Debit: $6.70