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 December 16th $220 Puts
- Buy (to open) 3 TSLA December 16th $200 Puts
- Limit: CREDIT of $16.70 or more
- New position will represent roughly 5.5% of our Spec Model capital
- Executed 10:30
- SOLD 3 TSLA Dec 16th $220 Puts @ $42.99
- BOT 3 TSLA Dec 16th $200 Puts @ $26.14
- Net CREDIT: $16.85