Rolling our EXPE call contracts to a higher strike price and May expiration date.
This lets us lock in profits while also extending the amount of time available for our trade to play out.
- Sell (to close) our 4 EXPE Apr 14th $165 Calls
- Buy (to open) 4 EXPE May 14th $180 Calls
- Limit: CREDIT of $8.00 or more
- The new position will represent roughly 10.0% of our Spec Model capital
- 14:45 Executed
- Sold EXPE Apr 14th $165 Calls @ $33.24
- Bot EXPE May 14th $180 Calls @ $24.67
- Net Credit: $8.57