Rolling our COST 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 COST May 20th $525 Calls
- Buying (to open) the COST May 20th $500 Calls
- Limit: DEBIT of $15.80 or less
- The new position will represent roughly 9.5% of our Spec Model capital
~~~~~~ - 14:59 Executed
- Sold COST May 20th $525 Calls @ $14.10
- Bot COST May 20th $500 Calls @ $29.30
- Net Debit: $15.20