Rolling our CVX 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 CVX July 15th $150 Calls
- Buying (to open) 6 CVX July 15th $135 Calls
- Limit: DEBIT of $10.30 or less
- The new position will represent roughly 10.1% of our Spec Model capital
~~~~~~~ - 15:27 Executed
- Sold 6 CVX Jul 15th $150 Calls @ $5.55
- Bot 6 CVX Jul 15th $135 Calls @ $15.75
- Net Debit: $10.20