Deep-pocketed investors have adopted a bearish 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 33% leaning bullish and 66% bearish. Among these notable options, 6 are puts, totaling $228,264, and 3 are calls, amounting to $209,200.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $115.0 to $130.0 for Expedia Group during the past quarter.
Insights into 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 $115.0 to $130.0 over the preceding 30 days.
Expedia Group 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EXPE | CALL | SWEEP | BEARISH | 05/17/24 | $7.4 | $7.35 | $7.35 | $130.00 | $124.9K | 281 | 1 |
| EXPE | PUT | SWEEP | BEARISH | 01/17/25 | $11.2 | $11.05 | $11.2 | $120.00 | $67.2K | 733 | 60 |
| EXPE | CALL | SWEEP | BULLISH | 05/03/24 | $5.65 | $4.95 | $5.65 | $130.00 | $56.5K | 61 | 50 |
| EXPE | PUT | SWEEP | BEARISH | 05/03/24 | $6.8 | $6.3 | $6.75 | $130.00 | $50.9K | 159 | 75 |
| EXPE | PUT | TRADE | BEARISH | 01/17/25 | $9.4 | $9.15 | $9.3 | $115.00 | $32.5K | 809 | 1 |
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.
After a thorough review of the options trading surrounding Expedia Group, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Expedia Group Standing Right Now?
- With a trading volume of 555,473, the price of EXPE is down by 0.0%, reaching $128.73.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 14 days from now.
What The Experts Say On Expedia Group
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $130.0.
- Reflecting concerns, an analyst from Wedbush lowers its rating to Neutral with a new price target of $130.
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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