27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Financial giants have made a conspicuous bearish move on Expedia Group. Our analysis of options history for Expedia Group (NASDAQ:EXPE) revealed 8 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 87% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $345,035, and 2 were calls, valued at $87,232.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $140.0 to $205.0 for Expedia Group during the past quarter.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Expedia Group's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Expedia Group's substantial trades, within a strike price spectrum from $140.0 to $205.0 over the preceding 30 days.
Expedia Group Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| EXPE | PUT | SWEEP | BEARISH | 04/19/24 | $160.00 | $79.7K | 433 | 95 |
| EXPE | PUT | SWEEP | NEUTRAL | 04/19/24 | $160.00 | $70.0K | 433 | 45 |
| EXPE | PUT | SWEEP | NEUTRAL | 04/19/24 | $160.00 | $67.2K | 433 | 95 |
| EXPE | PUT | TRADE | NEUTRAL | 04/19/24 | $160.00 | $56.4K | 433 | 168 |
| EXPE | CALL | SWEEP | BULLISH | 06/21/24 | $140.00 | $48.1K | 345 | 4 |
About Expedia Group
Expedia is the world's second largest online travel agency by bookings, offering services for lodging (76% of total 2022 sales), air tickets (3%), rental cars, cruises, in-destination, and other (14%), and advertising revenue (7%). Expedia operates a number of branded travel booking sites, including Expedia.com, Hotels.com, Travelocity, Orbitz, Wotif, AirAsia, and Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.
Having examined the options trading patterns of Expedia Group, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Expedia Group
- With a volume of 324,198, the price of EXPE is down -0.67% at $150.51.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 6 days.
What Analysts Are Saying About Expedia Group
In the last month, 3 experts released ratings on this stock with an average target price of $167.0.
- In a cautious move, an analyst from BMO Capital downgraded its rating to Outperform, setting a price target of $181.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Expedia Group, targeting a price of $190.
- Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Expedia Group, targeting a price of $130.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Expedia Group options trades with real-time alerts from Benzinga Pro.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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