Earnings Bull Flag in EXPE

[Steven Place]

After a monster gap higher, EXPE has been in a tight range. If it resolves higher, it can see a 5 point move quickly.

Drilling down into a 30 inute timeframe, you can see how to manage risk.

If (and only if) EXPE breaks and holds above 60.75, then I will be looking at the December 60 calls for around 2.50. A loss of 58.50 will cause me to stop out.

 

 

[Steven Place]

EXPE has hit my target of the earnings gap fill from 2 quarters ago. Considering the Dec 60 calls have only 2 weeks left to expiration, this would be a good place to take profits.

Sell to close EXPE Dec 60 Calls for 4.15 or better.

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