Rolling our TEAM 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 3 TEAM October 21st $260 Puts
- Buy (to open) 3 TEAM October 21st $240 Puts
- Limit: CREDIT of $17.00 or more
- New position will represent roughly 8.8% of our Spec Model capital
~~~~~~~~~
- Executed 12:27
- SOLD 3 TEAM Oct 21 $260 Puts @ $48.89
- BOT 3 TEAM Oct 21 $240 Puts @ $31.69
- Net CREDIT: $17.00