Rolling our TSM 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 TSM February 18th $120 Calls
- Buying (to open) the TSM February 18th $110 Calls
- Limit: DEBIT of $7.5 or less
- The new position will represent roughly 10.5% of our Spec Model capital
- 10:58 Executed
- Sold TSM Feb 18th $120 Calls @ $7.63
- Bot TSM Feb 18th $110 Calls @ $14.96
- Net Debit: $7.33