Rolling our ROKU 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 12 ROKU January 20th $60 Puts
- Buy (to open) 12 ROKU January 20th $55 Puts
- Limit: CREDIT of $4.20 or more
- New position will represent roughly 9.1% of our Spec Model capital
- Executed 10:33
- SOLD 12 ROKU Jan 20th $60 Puts @ $15.18
- BOT 12 ROKU Jan 20th $55 Puts @ $10.78
- Net CREDIT: $4.40