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 October 21st $140 Puts
- Buy (to open) 6 AMZN October 21st $130 Puts
- Limit: CREDIT of $8.00 or more
- New position will represent roughly 6.5% of our Spec Model capital
- Executed 15:20
- SOLD 6 AMZN Oct 21 $140 Puts @ $18.37
- BOT 6 AMZN Oct 21 $130 Puts @ $10.37
- Net Credit: $8.00