Rolling our COST calls to a lower strike price and adding additional contracts.
This lets us buy more intrinsic value at a discount, and sets us up for better profits when shares move in our favor.
- Selling (to close) our 2 COST May 20th $575 Calls
- Buying (to open) 2 COST May 20th $555 Calls
- Limit: DEBIT of $14.50 or less
~~~~~~ - 13:24 Executed
- Sold 2 COST May 20th $575 Calls @ $21.24
- Bot 2 COST May 20th $555 Calls @ $35.24
- Net Debit: $14.00
ALSO
- Buying 1 additional COST May 20th $555 Call
- Limit $38.00
- The full position will represent roughly 10.7% of our Spec Model capital
~~~~~ - 13:28 Executed
- Bot 1 COST May 20th $555 Call @ $36.50