Rolling our SNOW put contracts to a lower strike price and January 20 expiration date.
This lets us lock in profits while also buying more time for the stock to move lower.
- Sell (to close) our 4 SNOW December 16th $175 Puts
- Buy (to open) 4 SNOW January 20th $155 Puts
- Limit: Net CREDIT of $13.80 or more
- The new position will represent roughly 8.0% of our Spec Model capital
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- Executed 12:22
- SOLD 4 SNOW Dec 16th $175 Puts @ $42.59
- BOT 4 SNOW Jan 20th $155 Puts @ $28.25
- Net CREDIT: $14.20