Rolling our META call contracts to a higher strike price.
This lets us lock in profits, frees up cash for new trades, and reduces our capital at risk.
- Sell (to close) the META August 19th $145 Calls
- Buy (to open) the META August 19th $165 Calls
- Limit: CREDIT of $15.90 or more
- New position will represent roughly 6.5% of Spec Model capital.
- 13:10 Update
- META pulling back, will keep our limit order and wait to see if the trade is executed.
- 14:16 Executed
- Sold 6 META August 19th $145 Calls @ $39.30
- Bot 6 META August 19th $165 Calls @ $23.40
- Net Credit: $15.90