Rolling our INTU call contracts to a higher strike price.
This lets us lock in profits, frees up cash for new trades, and reduces our capital at risk.
- Sell (to close) the INTU February 18th $475 Calls
- Buy (to open) the INTU February 18th $520 Calls
- Limit: CREDIT of $37.50 or more
- New position will represent roughly 7.1% of Spec Model capital.