Rolling our STZ 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 STZ June 17th $210 Calls
- Buy (to open) the STZ June 17th $230 Calls
- Limit: CREDIT of $18.00 or more
- New position will represent roughly 6.9% of Spec Model capital.
- 12:13 Executed
- Sold STZ June 17th $210 Calls @ $37.40
- Bot STZ June 17th $230 Calls @ $18.60
- Net Credit: $18.80