Rolling our CRWD call contracts to a higher strike price and increasing the number of contracts.
CRWD has rallied sharply from a support area, giving us healthy profits from our call contracts. We’re rolling to a higher strike price to lock in some of these profits and give our trade a better reward-to-risk position. Also adding one additional contract to build a larger position and increase our profit potential if CRWD surges above its August peak.
- Sell (to close) three CRWD November 19th $250 Calls
- Buy (to open) three CRWD November 19th $270 Calls
- Limit: CREDIT of $16.00 or more
- Buy (to open) 1 additional CRWD November 19th $270 Call
- Limit: $22.00 or less
- New position will represent roughly 8.3% of our Spec Model Capital
- 14:19 Executed
- Sold 3 CRWD Nov 19th $250 Calls @ $38.22
- Bot 3 CRWD Nov 19th $270 Calls @ $21.92
- Net Credit $16.30
- Bot 1 CRWD Nov 19th $270 Call @ $21.90