Rolling our FB 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 FB May 20th $160 Calls
- Buying (to open) the FB May 20th $140 Calls
- Limit: DEBIT of $14.80 or less
- The new position will represent roughly 10.6% of our Spec Model capital
- 14:23 Executed
- Sold FB May 20th $160 Calls @ $21.66
- Bot FB May 20th $140 Calls @ $36.46
- Net Debit $14.80