Rolling our ENPH 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 ENPH August 19th $225 Calls
- Buy (to open) the ENPH August 19th $260 Calls
- Limit: CREDIT of $29.00 or more
- New position will represent roughly 6.7% of Spec Model capital.