Rolling our INTU call contracts to a lower strike price.
This lets us buy more intrinsic value at a discount, and sets us up for better profits when shares move in our favor.
- Selling (to close) the INTU February 18th $500 Calls
- Buying (to open) the TSM February 18th $475 Calls
- Limit: DEBIT of $17.00 or less
- The new position will represent roughly 10.0% of our Spec Model capital
- 11:59 Executed
- Sold INTU Feb 18th $500 Calls @ $32.66
- Bot INTU Feb 18th $475 Calls @ $48.55
- Net Debit: $15.89