Rolling our SNOW 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 4 SNOW January 20th $175 Puts
- Buy (to open) 4 SNOW January 20th $160 Puts
- Limit: CREDIT of $12.50 or more
- New position will represent roughly 6.5% of our Spec Model capital
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- Executed 10:54
- SOLD 4 SNOW Jan 20th $175 Puts @ $35.45
- BOT 4 SNOW Jan 20th $160 Puts @ $22.80
- Net CREDIT: $12.65