Buy to close: PYPL Aug 15th (monthly) 70.00 strike call
Sell to open: PYPL Aug 15th (monthly) 75.00 strike call
Debit: 3.85
This roll up moves up our exit price to 75 if the shares get “called away”We also exited our CRWD call butterfly. The stock did not maintain the 50-day ma as expected.
Sell to close: CRWD Sep 19th (monthly) 510.00 strike call (ratio of 1)
Buy to close: CRWD Sep 19th (monthly) 550.00 strike call (ratio of 2)
Sell to close: CRWD Sep 19th (monthly) 590.00 strike call (ratio of 1)
Credit: 4.80
The result is a loss of -0.55 or -$55.00 per spread