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 April 14th $155 Calls
- Buying (to open) the EXPE April 14th $135 Calls
- Limit: DEBIT of $13.50 or less
- The new position will represent roughly 8.7% of our Spec Model capital
- 10:14 Executed
- Sold EXPE Apr 14th $155 Calls @ $13.72
- Bot EXPE Apr 14th $135 Calls @ $27.22
- Net Debit: $13.50