You have on the 1-to-2 110/115 call backspread. The underlying has rallied up to 120 level. You want to lock in some of the profits, but you think the stock will still experience price movement on the upside. You sell two of the 115/120 call vertical spreads rolling your long calls to the 120 strike. This will result in giving you more room on the upside for price appreciation. True or false?

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