Selling our ROKU call contracts.
Shares of ROKU have bounced from recent lows, handing us some attractive profits along the way. Now that the stock is getting closer to the 50-day average, there’s a greater chance we could see a pullback — and possibly a re-test of the low.
This is a good time to lighten up on some of our bullish exposure, and re-evaluate the situation. We may buy more ROKU calls in the future, but the reward-to-risk situation now looks less attractive.
- Selling (to close) our ROKU April 14th $110 Calls
- Limit $25.00 or more
~~~~~~ - 11:18 Executed
- Sold ROKU Apr 14th $110 Calls @ $26.21