Rolling our CI 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) our CI November 18th $270 Calls
- Buy (to open) *4 CI November 18th $290 Calls
- Limit: CREDIT of $17.00 or more
- New position will represent roughly 8.4% of Spec Model capital.
*Updated with correct number of contracts
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- Executed 10:14
- SOLD 4 CI Nov 18 $270 Calls @ $38.85
- BOT 4 CI Nov 18 $290 Calls @ $21.85
- Net CREDIT: $17.00