Rolling our EXPE call contracts to a higher strike price and October 21 expiration date.
This lets us lock in profits while also buying more time for our bull trade to work out.
- Sell (to close) our 8 EXPE September 16th $100 Calls
- Buy (to open) 8 EXPE October 21st $105 Calls
- Limit: CREDIT of $1.00 or more
- The new position will represent roughly 8.8% of our Spec Model capital
- 11:29 Executed
- SOLD 8 EXPE Sep 16 $100 Calls @ $12.62
- BOT 8 EXPE Oct 21 $105 Calls @ $11.38
- Net Credit: $1.24