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 April 14th $135 Calls
- Buy (to open) the EXPE April 14th $165 Calls
- Limit: CREDIT of $25.50 or more
- New position will represent roughly 7.7% of Spec Model capital.
- 15:48 Executed
- Sold EXPE Apr 14th $135 Calls @ $53.50
- Bot EXPE Apr 14th $165 Calls @ $27.20
- Net Credit: $26.30