Our Expedia (EXPE) spread is on track to expire worthless. I will recommend a new spread soon to reduce our net debit on the position.
Our Nike (NKE) call is deep in the money after shares rebounded sharply over the past week and a half. Rather than attempt to chase the stock higher by rolling our call, I am recommending we allow our shares to be called away. I will recommend a put soon to reduce our net debit on the position.
EXPE Jun Week One (6/3) 110/105 Put Spread
Current Stock Price: $133
Net Debit: $1.56
Action: Watch spread expire worthless
NKE Jun Week One (6/3) 110 Call
Current Stock Price: $120.04
Cost Basis: $127.66
Action: Allow shares to be called away
Net Debit: $17.66