Rolling our ETSY 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 ETSY August 19th $90 Calls
- Buying (to open) 6 ETSY August 19th $80 Calls
- Limit: DEBIT of $6.40 or less
- The new position will represent roughly 9.4% of our Spec Model capital
- 10:17 Executed
- Sold 6 ETSY August 19th $90 Calls @ $10.07
- Bot 6 ETSY August 19th $80 Calls @ $16.47
- Net Debit: $6.40