Rolling our CVX call contracts to a lower strike price and August expiration date.This lets us buy more time for our bull trade to work out.
- Sell (to close) our 6 CVX July 15th $135 Calls
- Buy (to open) 6 CVX August 19th $130 Calls
- Limit: DEBIT of $7.60 or less
- The new position will represent roughly 8.2% of our Spec Model capital
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- 14:22 Executed
- Sold 6 CVX Jul 15th $135 Calls @ $6.92
- Bot 6 CVX Aug 19th $130 Calls @ $14.42
- Net Debit: $7.50