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 November 18th $260 Puts
- Buy (to open) 3 TEAM November 18th $230 Puts
- Limit: CREDIT of $24.00 or more
- New position will represent roughly 10.4% of our Spec Model capital
- Executed 11:17
- SOLD 3 TEAM Nov 18 $260 Puts @ $61.90
- BOT 3 TEAM Nov 18 $230 Puts @ $37.70
- Net CREDIT: $24.20