Rolling our TSLA put contracts to a higher strike price and January 20 expiration date.
This lets us buy more time for the stock to move lower.
- Sell (to close) our 3 TSLA December 16th $200 Puts
- Buy (to open) 3 TSLA January 20th $220 Puts
- Limit: Net DEBIT of $20.50 or less
- The new position will represent roughly 7.4% of our Spec Model capital
- Executed 10:02
- SOLD 3 TSLA Dec 16th $200 Puts @ $12.72
- BOT 3 TSLA Jan 20th $220 Puts @ $32.52
- Net DEBIT: $19.80