Rolling our TGT call contracts to a higher strike price and October 21 expiration date.
This lets us lock in profits while also buying more time for our bull trade to work out.
- Sell (to close) our 7 TGT September 16th $150 Calls
- Buy (to open) 7 TGT October 21st $160 Calls
- Limit: CREDIT of $5.10 or more
- The new position will represent roughly 9.4% of our Spec Model capital
- 12:08 Executed
- Sold 7 TGT September 16th $150 Calls @ $19.14
- Bot 7 TGT October 21st $160 Calls @ $13.89
- Net Credit: $5.25