I also rolled my Sep down to July on this calendar I had for protection and to further reduce my cost basis.
SOLD CALENDAR BCS SEP 08/JUL 08 30 CALL @.60 credit
SOLD CALENDAR BCS SEP 08/JUL 08 35 CALL @.59 credit
My cost basis as of 5/15/08 when I entered the trade was $2.05, so now it is adjusted to:
2.05-.60-.50= $0.95
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