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 $55 Puts
- Buy (to open) 12 ROKU January 20th $50 Puts
- Limit: CREDIT of $4.20 or more
- New position will represent roughly 7.0% of our Spec Model capital
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- Executed 12:52
- SOLD 12 ROKU Jan 20th $55 Puts @ $12.72
- BOT 12 ROKU Jan 20th $50 Puts @ $8.47
- Net CREDIT: $4.25