Rolling our COP 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 COP November 18th $100 Calls
- Buy (to open) the COP November 18th $110 Calls
- Limit: CREDIT of $8.00 or more
- New position will represent roughly 10.9% of Spec Model capital.
- Executed 11:16
- SOLD 8 COP Nov 18 $100 Calls @ $22.65
- BOT 8 COP Nov 18 $110 Calls @ $14.65
- Net CREDIT: $8.00