Rolling our CVNA put contracts to an October expiration date.
This lets us keep the trade in play while giving us more time before our contracts expire.
- Sell (to close) the CVNA September 16th $45 Puts
- Buy (to open) 7 CVNA October 21st $45 Puts
- Limit: DEBIT of $2.10 or less
- The new position will represent roughly 9.8% of our Spec Model capital
- 10:05 Executed
- Sold 7 CVNA Sept 16th $45 Puts @ $11.36
- Bot 7 CVNA Oct 21st $45 Puts @ $13.20
- Net Debit: $1.84