Rolling our PANW 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 PANW February 18th $410 Calls
- Buy (to open) the PANW February 18th $480 Calls
- Limit: CREDIT of $61.50 or more
- New position will represent roughly 7.7% of Spec Model capital.
- 12:12 Executed
- Sold PANW Feb 18th $410 Calls @ $103.11
- Bot PANW Feb 18th $480 Calls @ $40.44
- Net Credit: $62.67