Rolling our GLD 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 GLD December 16th $152 Calls
- Buy (to open) 12 GLD December 16th $160 Calls
- Limit: CREDIT of $6.90 or more
- New position will represent roughly 6.0% of Spec Model capital.
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- Executed 10:13
- SOLD 12 GLD Dec 16th $152 Calls @ $13.88
- BOT 12 GLD Dec 16th $160 Calls @ $6.73
- Net CREDIT: $7.15