Selling our EXPE call contracts.
Shares of EXPE are trading lower as the overall market slides further.
Investors are becoming more worried about a recession, especially after yesterday’s hawkish Fed meeting.
While the travel and leisure industry is still showing signs of a rebound, these stocks are falling in sympathy with the overall “risk-off” environment.
Now that EXPE is breaking down, it makes sense to step away from our trade and wait for a better entry point.
Meanwhile, our bearish exposure is helping to offset losses from this EXPE trade.
- Selling (to close) our EXPE October 21st $95 Calls
- Limit $5.70 or more
- Executed 10:31
- SOLD 8 EXPE Oct 21 $95 Calls @ $5.80