Our Expedia (EXPE) Oct Week Four (10/28) 85/80 Put Spread is on track to expire worthless. We will simply watch it do so.
The company is scheduled to report earnings on Nov. 3. We will sell another spread after the announcement to generate more income and continue to reduce our net debit on the position.
Current Stock Price: $95.08
Net Debit: $2.23
Action: Watch spread expire worthless