Rolling our TLT call contracts to a higher strike price and December 16 expiration date.
This lets us lock in profits while also giving us more time for bonds to continue higher.
- Sell (to close) our 15 TLT November 18th $90 Calls
- Buy (to open) 15 TLT December 16th $94 Calls
- Limit: Net CREDIT of $3.30 or more
- The new position will represent roughly 7.6% of our Spec Model capital
- Executed 9:50
- SOLD 15 TLT Nov 18th $90 Calls @ $9.96
- BOT 15 TLT Dec 16th $94 Calls @ $6.58
- Net CREDIT: $3.38