Rolling our EXPE call contracts to a higher strike price.
This lets us lock in profits, frees up cash for new trades, and reduces our capital at risk.
- Sell (to close) the EXPE March 18th $170 Calls
- Buy (to open) the EXPE March 18th $195 Calls
- Limit: CREDIT of $20.50 or more
- New position will represent roughly 6.5% of Spec Model capital.
- 11:42 Executed
- Sold EXPE March 18th $170 Calls @ $41.31
- Bot EXPE March 18th $195 Calls @ $20.31
- Net Credit $21.00