Rolling our COST 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 COST February 18th $465 Calls
- Buy (to open) the COST February 18th $500 Calls
- Limit: CREDIT of $29.50 or more
- New position will represent roughly 5.2% of Spec Model capital.
~~~~~~~~ - 09:50 Executed
- Sold COST Feb 18th $465 Calls @ $49.80
- Bot COST Feb 18th $500 Calls @ $19.60
- Net Credit: $30.20