Rolling our TLT 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 TLT November 18th $87 Calls
- Buy (to open) 15 TLT November 18th $90 Calls
- Limit: CREDIT of $2.50 or more
- New position will represent roughly 8.3% of Spec Model capital.
- Executed 14:20
- SOLD 15 TLT Nov 18 $87 Calls @ $9.38
- BOT 15 TLT Nov 18 $90 Calls @ $6.83
- Net CREDIT: $2.55