Rolling our STZ 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 STZ June 17th $230 Calls
• Buying (to open) the STZ June 17th $210 Calls
• Limit: DEBIT of $16.00 or less
• The new position will represent roughly 11.0% of our Spec Model capital
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• 10:19 Update: STZ has moved higher and no execution yet.
• We’ll keep this order open through the day.
• If STZ continues higher, that’s still good news for our existing position.
• We don’t want to pay more than 80-cents on the dollar to roll to a lower strike.
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• 10:43 Executed
• Sold STZ Jun 17th $230 Calls @ $10.70
• Bot STZ Jun 17th $210 Calls @ $26.70
• Net Debit: $16.00