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

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• Executed 10:31
• SOLD 8 EXPE Oct 21 $95 Calls @ $5.80