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 $130 Puts
- Buy (to open) 6 AMZN October 21st $120 Puts
- Limit: CREDIT of $8.00 or more
- New position will represent roughly 5.6% of our Spec Model capital
- Executed 15:03
- SOLD 6 AMZN Oct 21 $130 Puts @ $18.28
- BOT 6 AMZN Oct 21 $120 Puts @ $10.12
- Net CREDIT: $8.15