Rolling our ETSY 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 ETSY August 19th $75 Calls
- Buy (to open) the ETSY August 19th $90 Calls
- Limit: CREDIT of $11.70 or more
- New position will represent roughly 9.8% of Spec Model capital.
- 10:39 Update
- Adjusting our limit to $11.20 or more
- 10:44 Executed
- Sold 6 ETSY August 19th $75 Calls @ $26.40
- Bot 6 ETSY August 19th $90 Calls @ $15.05
- Net Credit $11.35