Rolling our TEAM put contracts to a lower strike price and December 16 expiration date.
This lets us lock in some great profits while also giving us more time for the stock to continue lower.
- Sell (to close) our 3 TEAM November 18th $200 Puts
- Buy (to open) 3 TEAM December 16th $150 Puts
- Limit: Net CREDIT of $45.50 or more
- The new position will represent roughly 6.0% of our Spec Model capital
- Executed 9:56
- SOLD 3 TEAM Nov 18 $200 Puts @ $70.53
- BOT 3 TEAM Dec 16 $150 Puts @ $24.63
- Net CREDIT: $45.90