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 $520 Calls
- Buying (to open) the COST May 20th $460 Calls
- Limit: DEBIT of $40.50 or less
- The new position will represent roughly 7.3% of our Spec Model capital
- 11:27 Executed
- Sold PANW May 20th $520 Calls @ $32.35
- Bot PANW May 20th $460 Calls @ $72.85
- Net Debit: $40.50