August 02, 2022
Intraday Update: EXPE
We are going to close EXPE this morning. The EXPE Aug12 $105 - $111 call spread was fast setup targeting a rally on the stock ahead of a busy week of Travel results (including its own). The analyst adjustment yesterday weighed on the stock, and as it recovers some of the lost ground this morning, it is offering a nice opportunity to close out the position for a small gain before ABNB reports later this afternoon. We can revisit a new trade on EXPE after earnings.
* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".
Trader Author Portfolio Holdings
**As of the date and time of publication