Rolling our AMD 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) our 6 AMD July 15th $95 Calls
- Buying (to open) 6 AMD July 15th $80 Calls
- Limit: DEBIT of $8.15 or less
- The new position will represent roughly 6.5% of our Spec Model capital
- 12:45 Executed
- Sold 6 AMD July 15th $95 Calls @ $3.01
- Bot 6 AMD July 15th $80 Calls @ $10.99
- Net Debit: $7.98