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 May 20th* $550 Calls
- Buy (to open) the COST May 20th* $575 Calls
- Limit: CREDIT of $21.00 or more
- New position will represent roughly 7.4% of Spec Model capital.
- 15:15 Executed
- Sold COST May 20th* $550 Calls @ $63.15
- Bot COST May 20th* $575 Calls @ $42.15
- Net Credit: $21
*An earlier version of this post had the wrong contract date listed.