Rolling our AMD call contracts to a higher strike price.
This lets us lock in profits, frees up cash for new trades, and reduces our capital at risk.
- Sell (to close) the AMD June 17th $75 Calls
- Buy (to open) the AMD June 17th $90 Calls
- Limit: CREDIT of $12.50 or more
- New position will represent roughly 8.1% of Spec Model capital.
- 12:00 Executed
- Sold AMD Jun 17th $75 Calls @ $27.86
- Bot AMD Jun 17th $90 Calls @ $15.06
- Net Credit: $12.80