Rolling our NVDA puts to a lower strike price and adding additional contracts.
This lets us lock in profits while also adding more exposure to a stock that’s working well for us.
- Selling (to close) our 4 NVDA January 20th $190 Puts
- Buying (to open) 4 NVDA January 20th $170 Puts
- Limit: CREDIT of $16.50 or more
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- Executed 10:08
- SOLD 4 NVDA Jan 20th $190 Puts @ $34.56
- BOT 4 NVDA Jan 20th $170 Puts @ $17.55
- Net CREDIT: $17.00
ALSO
- Buying 4 additional NVDA January 20th $170 Puts
- Limit $17.00
- The full position will represent roughly 8.8% of our Spec Model capital
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- 10:05 Adjusting Limit price to $18.25
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- Executed 10:11
- BOT 4 NVDA Jan 20th $170 Puts @ $17.72