Expedia (EXPE) is up more than 3% today following strong earnings from Delta Air Lines (DAL), and the premium on the put we sold has fallen below our target exit price. Let’s book profits now, earning a 0.5% return in two days, or 90% annualized. Current Stock Price: $119.61 Cash in Hand: $0.91 Action: Buy…

Our previous Expedia (EXPE) roll flipped our net debit to cash in hand, and with the stock up around 3% today we have the chance to get out with a small profit. Let’s do it. Current Stock Price: $107.43 Cash in Hand: $0.51 Action: Buy to close the EXPE 30 Jun 104 Put for around…

Let’s roll our Expedia (EXPE) puts out two weeks to generate more cash and flip our net debit to cash in hand. Note that this trade is only for members currently in the position, as we will be looking to exit at breakeven if possible. Current Stock Price: $106.37 Net Debit: $1.17 Action: Buy to…

I am recommending we roll our Expedia (EXPE) put out one week and to a lower strike to avoid assignment and reduce our risk on the trade. Current Stock Price: $89.25 Net Debit: $3.68 Action: Buy to close the EXPE May Week Two (5/12) 92 Put for around $2.75 Sell to open the EXPE May…

I am recommending we sell an Expedia (EXPE) put to generate income and reduce our net debit on the position. The stock jumped on Friday following the release of the company’s first-quarter results. While an adjusted loss of $0.20 per share was worse than the $0.16 loss analysts were expecting, the company reported record Q1…