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 $145 Puts
- Buy (to open) 6 AMZN September 16th $135 Puts
- Limit: CREDIT of $8.50 or more
- New position will represent roughly 5.4% of our Spec Model capital
~~~~~~~~ - 10:52 Executed
- Sold 6 AMZN September 16th $145 Puts @ $17.90
- Bot 6 AMZN September 16th $135 Puts @ $9.20
- Net Credit: $8.70