Rolling our EXPE call contracts to a higher strike price and March expiration date.
This lets us lock in profits and keep the trade in play while giving us more time before our contracts expire.
- Sell (to close) the EXPE February 18th $155 Calls
- Buy (to open) the EXPE March 18th $170 Calls
- Limit: CREDIT of $9.50 or more
- The new position will represent roughly 7.1% of our Spec Model capital
- 14:20 Executed
- Sold EXPE Feb 18th $155 Calls @ $34.24
- Bot EXPE Mar 18th $170 Calls @ $24.10
- Net Credit $10.14