Rolling our PANW call contracts to a lower strike price.

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) the PANW May 20th $570 Calls
• Buying (to open) the PANW May 20th $520 Calls
• Limit: DEBIT of $35.00 or less
• The new position will represent roughly 7.0% of our Spec Model capital
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• 10:58 Executed
• Sold PANW May 20th $570 Calls @ $37.80
• Bot PANW May 20th $520 Calls @ $72.20
• Net Debit: $34.40