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
- 10:58 Executed
- Sold PANW May 20th $570 Calls @ $37.80
- Bot PANW May 20th $520 Calls @ $72.20
- Net Debit: $34.40