Rolling our TEAM put contracts to a higher strike price and November 18 expiration date.
This lets us buy more time for our bear trade to work out, and resets the position following a bear market rally into a key resistance area.
- Sell (to close) our 3 TEAM October 21st $240 Puts
- Buy (to open) 3 TEAM November 18th $260 Puts
- Limit: Net DEBIT of $21.50 or less
- The new position will represent roughly 9.5% of our Spec Model capital
~~~~~~~~
- Executed 14:29
- SOLD 3 TEAM Oct 21 $240 Puts @ $11.25
- BOT 3 TEAM Nov 18 $260 Puts @ $32.15
- Net DEBIT: $20.90