Rolling our COP call contracts to a higher strike price and November 18 expiration date.
This lets us lock in profits and also gives us more time for shares to continue higher.
- Sell (to close) our 8 COP October 21st $90 Calls
- Buy (to open) 8 COP November 18th $100 Calls
- Limit: Net CREDIT of $6.20 or more
- The new position will represent roughly 9.2% of our Spec Model capital
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- Executed 10:46
- SOLD 8 COP Oct 21 $90 Calls @ $18.66
- BOT 8 COP Nov 18 $100 Calls @ $12.35
- Net CREDIT: $6.30