Rolling our BABA 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 7 BABA July 15th $105 Calls
- Buy (to open) 7 BABA August 19th $95 Calls
- Limit: DEBIT of $13.10 or less
- The new position will represent roughly 13.4% of our Spec Model capital
- 10:04 Executed
- Sold 7 BABA July 15th $105 Calls @ $4.65
- Bot 7 BABA August 19th $95 Calls @ $17.45
- Net Debit: $12.80