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) our COP November 18th $110 Calls
- Buy (to open) 8 COP November 18th $120 Calls
- Limit: CREDIT of $8.10 or more
- New position will represent roughly 6.7% of Spec Model capital.
- Executed 11:45
- SOLD 8 COP Nov 18 $110 Calls @ $18.89
- BOT 8 COP Nov 18 $120 Calls @ $10.53
- Net CREDIT: $8.30