Deep-pocketed investors have adopted a bullish approach towards Expedia Group EXPE, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in EXPE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Expedia Group. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 55% leaning bullish and 44% bearish. Among these notable options, 2 are puts, totaling $233,800, and 7 are calls, amounting to $391,769.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $140.0 for Expedia Group, spanning the last three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Expedia Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Expedia Group's significant trades, within a strike price range of $120.0 to $140.0, over the past month.
Expedia Group Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EXPE | PUT | TRADE | BULLISH | 07/19/24 | $9.1 | $8.85 | $8.85 | $130.00 | $159.3K | 177 | 0 |
| EXPE | CALL | TRADE | BULLISH | 07/19/24 | $12.8 | $12.65 | $12.8 | $130.00 | $129.2K | 337 | 101 |
| EXPE | PUT | SWEEP | BEARISH | 05/17/24 | $2.98 | $2.97 | $2.98 | $120.00 | $74.5K | 1.2K | 396 |
| EXPE | CALL | TRADE | BEARISH | 05/17/24 | $4.95 | $4.8 | $4.85 | $140.00 | $60.6K | 658 | 262 |
| EXPE | CALL | TRADE | BEARISH | 05/17/24 | $9.15 | $9.0 | $9.04 | $130.00 | $57.8K | 163 | 81 |
About Expedia Group
Expedia is the world's second-largest online travel agency by bookings, offering services for lodging (80% of total 2023 sales), air tickets (3%), rental cars, cruises, in-destination, and other (11%), and advertising revenue (6%). Expedia operates a number of branded travel booking sites, but its three core onlint travel agency brands are Expedia, Hotels.com, and Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.
In light of the recent options history for Expedia Group, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Expedia Group
- Currently trading with a volume of 972,771, the EXPE's price is down by -1.7%, now at $131.0.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 22 days.
Professional Analyst Ratings for Expedia Group
In the last month, 1 experts released ratings on this stock with an average target price of $145.0.
- Maintaining their stance, an analyst from Jefferies continues to hold a Hold rating for Expedia Group, targeting a price of $145.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Expedia Group with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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