Rolling our TSLA put contracts to a lower strike price and November 18 expiration date.
This lets us lock in profits and also gives us more time for shares to continue lower.
- Sell (to close) our 3 TSLA October 21st $300 Puts
- Buy (to open) 3 TSLA November 18th $270 Puts
- Limit: Net CREDIT of $19.50 or more
- The new position will represent roughly 10.7% of our Spec Model capital
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- Executed 13:30
- SOLD 3 TSLA Oct 21 $300 Puts @ $57.64
- BOT 3 TSLA Nov 18 $270 Puts @ $37.89
- Net CREDIT: $19.75