Rolling our AXP 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 AXP June 17th $135 Calls
- Buy (to open) the AXP June 17th $150 Calls
- Limit: CREDIT of $13.50 or more
- New position will represent roughly 6.6% of Spec Model capital.
~~~~~~~ - 10:22 Executed
- Sold AXP Jun 17th $135 Calls @ $33.47
- Bot AXP Jun 17th $150 Calls @ $19.33
- Net Credit: $14.14