Rolling our SPOT put contract to a higher strike price.

SPOT has rallied to its 50-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 SPOT trades lower.

• Selling (to close) our SPOT January 20th $80 Puts
• Buying (to open) 7 SPOT January 20th $90 Puts
• Limit: DEBIT of $7.20 or less
• The new position will represent roughly 5.7% of our Spec Model capital

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• Executed 12:18
• SOLD 7 SPOT Jan 20th $80 puts @ $5.15
• BOT 7 SPOT Jan 20th $90 puts @ $12.35
• Net DEBIT: $7.20