Rolling our EXPE call contracts to a lower strike price.
This lets us buy more intrinsic value at a discount, and sets us up for better profits when shares move in our favor.
- Selling (to close) the EXPE March 18th $195 Calls
- Buying (to open) the EXPE March 18th $175 Calls
- Limit: DEBIT of $15.80 or less
- The new position will represent roughly 8.2% of our Spec Model capital
- 11:37 Executed
- Sold EXPE March 18th $195 Calls @ $13.49
- Bot EXPE March 18th $175 Calls @ $29.08
- Net Debit: $15.59