Rolling our META call contracts to a higher strike price and September 16 expiration date.
This lets us lock in profits while also giving us more time for our bull trade to work out.
- Sell (to close) our 3 META August 19th $140 Calls
- Buy (to open) 3 META September 16th $160 Calls
- Limit: CREDIT of $16.40 or more
- The new position will represent roughly 5.9% of our Spec Model capital
- 11:11 Executed
- Sold 3 META August 19th $140 Calls @ $40.05
- Bot 3 META September 16th $160 Calls @ $23.25
- Net Credit: $16.80