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 April 14th $490 Calls
- Buy (to open) the COST April 14th $530 Calls
- Limit: CREDIT of $36.00 or more
- New position will represent roughly 4.6% of Spec Model capital.
~~~~~~~~ - 9:53 Executed
- Sold COST Apr 14th $490 Calls @ $77.15
- Bot COST Apr 14th $530 Calls @ $39.82
- Net Credit: $37.33