EXPE is another active short that’s up big on earnings. however, this trade hit T1 yesterday for a 9% gain, allowing a chance to book partial or full profits. personally, i am still short the stock and still favor T3 on this trade. entry price on this short was 55.71 and the stock is currently trading at 57.68 so it’s only down about 2 pts, or less than 4% from entry (regardless of today’s big pop).
although i still think this trade has a good chance of playing out, one might consider a stop somewhat over the sept 21st reaction high of 60.29. i’m also considering adding to my position today depending on the price action of the stock as well as the broad market.