Rolling our CVX call contracts to a higher strike price and June expiration date.
This lets us lock in profits for our bullish play while also extending the amount of time available for our trade to continue to play out.
- Sell (to close) our 6 CVX May 20th $145 Calls
- Buy (to open) 6 CVX June 17th $155 Calls
- Limit: CREDIT of $8.00 or more
- The new position will represent roughly 8.1% of our Spec Model capital
- 12:30 Executed
- Sold 6 CVX May 20th $145 Calls @ $23.12
- Bot 6 CVX June 17th $155 Calls @ $14.92
- Net Credit: $8.20