Rolling our CVX 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 CVX June 17th $155 Calls
- Buy (to open) the CVX June 17th $170 Calls
- Limit: CREDIT of $13.00 or more
- New position will represent roughly 5.7% of Spec Model capital.
- 13:57 Executed
- Sold CVX Jun 17th $155 Calls @ $22.43
- Bot CVX Jun 17th $170 Calls @ $9.32
- Net Credit: $13.11