Rolling our TSLA put contracts to a lower strike price and December 16 expiration date.
This lets us lock in profits while also giving us more time for the stock to continue lower.
- Sell (to close) our 3 TSLA November 18th $240 Puts
- Buy (to open) 3 TSLA December 16th $220 Puts
- Limit: Net CREDIT of $15.40 or more
- The new position will represent roughly 8.1% of our Spec Model capital
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- Executed 10:03
- SOLD 3 TSLA Nov 18th $240 Puts @ $51.66
- BOT 3 TSLA Dec 16th $220 Puts @ $35.67
- Net CREDIT $15.90