Since I donât normally hang out in the options area, I thought I would post an option trade I am making. Bought a put on EXPE just after that 11:30 ramp up. BOT (1) put Nov 50 @ $3.50 Watched EXPE for a while and it seemed to be quite strong today. So... I was getting worried about my put position getting very negative. SO......... I bought 50 shares of EXPE at 51.33 as a hedge. I am going overnight with 1 EXPE Nov 50 put and 50 shares of EXPE long. I think I will make a little money if EXPE shoots off to the moon in the next couple of days. The put should decrease in value at a slightly slower pace than the stock price rises. But it is really only a hedge. Lets me stay with my put through this wiggle. I should make money if EXPE falls on hard times in the next couple of days. If I do nothing and EXPE falls, the put will increase in value progressively faster than the half lot of EXPE stock will decrease in value. If EXPE looks to be faltering, I will take off the stock at a small profit and let the put do it's work. If EXPE does nothing significant in the next few days, I will have to find a spot and get out before time decay does it's dirty work on the put value. That the theory anyhow. In summary: 1 EXPE Nov 50 put @ $3.50 50 EXPE long @ 51.33 Any thoughts from the options regulars? All this high finance is tough on me.. (1) put, 50 shares.. wow. But you gotta learn somewhere... Gotta luv IB too.