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 December 16th $94 Calls
- Buy (to open) 15 TLT December 16th $98 Calls
- Limit: CREDIT of $3.60 or more
- New position will represent roughly 6.1% of Spec Model capital.
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- Executed 11:20
- SOLD 15 TLT Dec 16th $94 Calls @ $9.27
- BOT 15 TLT Dec 16th $98 Calls @ $5.57
- Net CREDIT: $3.65