Rolling our SNOW put contract to a higher strike price.

SNOW has rallied a spot near it’s 200-day moving average which could prove to be a key resistance area.

Rolling our put contract lets us buy more intrinsic value at a discount, and sets us up for better profits when SNOW trades lower.

• Selling (to close) the SNOW January 20th $155 Puts
• Buying (to open) 4 SNOW January 20th $175 Puts
• Limit: DEBIT of $13.00 or less
• The new position will represent roughly 7.9% of our Spec Model capital

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• Executed 11:05
• SOLD 4 SNOW Jan 20th $155 Puts @ $12.57
• BOT 4 SNOW Jan 20th $175 Puts @ $25.27
• Net DEBIT: $12.70