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) our 8 EXPE October 21st $105 Calls
- Buying (to open) 8 EXPE October 21st $95 Calls
- Limit: DEBIT of $6.20 or less
- The new position will represent roughly 9.5% of our Spec Model capital
- Executed 11:20
- SOLD 8 EXPE October 21st $105 Calls @ $5.21
- BOT 8 EXPE October 21st $95 Calls @ $11.16
- Net DEBIT: $5.95