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 January 20th $200 Puts
- Buy (to open) 3 TSLA January 20th $180 Puts
- Limit: CREDIT of $16.00 or more
- New position will represent roughly 6.0% of our Spec Model capital
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- Executed 13:08
- SOLD 3 TSLA Jan 20th $200 Puts @ $42.20
- BOT 3 TSLA Jan 20th $180 Puts @ $26.10
- Net CREDIT: $16.10