Rolling our FB call contracts to a higher strike price and July expiration date.
This lets us lock in profits and also gives us more time for the play to continue to work out.
- Sell (to close) our 3 FB June 17th $170 Calls
- Buy (to open) 3 FB July 15th $175 Calls
- Limit: CREDIT of $1.50 or more
- The new position will represent roughly 7.1% of our Spec Model capital
- 13:22 Executed
- Sold 3 FB June 17th $170 Calls @ $28.38
- Bot 3 FB July 15th $175 Calls @ $26.61
- Net Credit: $1.77