Trade view /
30 September 2016 at 14:44 GMT
Today marks the expiration of the short 217 call and we are going to roll (buy back 217 call for $0.04 and sell 5 OCT 217 Call for $0.54). This produces a net credit (money going into our account) of $0.50.
The credit of $0.50 helps us reduce our cost basis and limit the risk in the calendar down to $0.80. We will update next Friday on the next adjustment.
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Source: Saxo Bank
— Edited by Michael McKenna
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