Going to roll these calls higher to take profits on the trade and try to hold on for further upside. This one smells like it’s going to go parabolic.
So you’re selling to close the Apr 50 call, and buying to open the Apr 60 call. You move strikes up 10 points and you capture about 5 bucks in a credit.
| IWO Premium Order Ticket | ||||
| Type | Asset | Duration | Strike | C/P |
|---|---|---|---|---|
| STC | SHOP | 21 Apr 17 | 50 | Call |
| BTO | SHOP | 21 Apr 17 | 60 | Call |
| Total Credit: | 4.9 | |||