Rolling our TSLA 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 TSLA November 18th $270 Puts
- Buy (to open) 3 TSLA November 18th $240 Puts
- Limit: CREDIT of $23.80 or more
- New position will represent roughly 9.2% of our Spec Model capital
- Executed 12:20
- SOLD 3 TSLA Nov 18 $270 Puts @ $57.15
- BOT 3 TSLA Nov 18 $240 Puts @ $33.35
- Net CREDIT: $23.80