Rolling our EXPE call contracts to a lower strike price and April expiration date.
This lets us buy more time value for our position and sets up a better risk-reward scenario to profit if EXPE finds support and moves back toward all-time highs.
- Sell (to close) the EXPE March 18th $175 Calls
- Buy (to open) the EXPE April 14th $155 Calls
- Limit: DEBIT of $18.25 or less
- The new position will represent roughly 8.2% of our Spec Model capital
- 10:21 Executed
- Sold EXPE March 18th $175 Calls @ $6.97
- Bot EXPE April 14th $155 Calls @ $23.92
- Net Debit: $16.95