Rolling our AMZN 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 6 AMZN September 16th $155 Puts
- Buy (to open) 6 AMZN September 16th $145 Puts
- Limit: CREDIT of $8.70 or more
- New position will represent roughly 5.8% of our Spec Model capital
~~~~~~~~ - 9:56 Executed
- Sold 6 AMZN September 16th $155 Puts @ $20.71
- Buy (to open) 6 AMZN September 16th $145 Puts @ $11.86
- Net Credit: $8.85