The Portfolio Armor Substack

The Portfolio Armor Substack

Order Text

Exit Instructions — September 4th, 2026

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Portfolio Armor
Sep 04, 2026
∙ Paid

GEO

Calls / calendar: Enter a GTC limit order to buy-to-close the short January 15th, 2027 $40 call for $0.20.

If it remains in-the-money as we approach expiration, cancel that order and exit the call diagonal at a net credit slightly above its midpoint, lowering the price as necessary as we approach expiration. If the short call expires out-of-the-money …

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