Rolling our COP call contracts to a lower strike price and January 20 expiration date.
This lets us buy more time for the stock to move higher.
- Sell (to close) our 8 COP December 16th $125 Calls
- Buy (to open) 8 COP January 20th $115 Calls
- Limit: Net DEBIT of $9.20 or less
- The new position will represent roughly 7.5% of our Spec Model capital
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- Executed 13:28
- SOLD 8 COP Dec 16th $125 Calls @ $4.12
- BOT 8 COP Jan 20th $115 Calls @ $13.22
- Net DEBIT: $9.10