What the Options Market Tells Us About Expedia Group

Investors with a lot of money to spend have taken a bullish stance on Expedia Group EXPE.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with EXPE, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 8 options trades for Expedia Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $597,000, and 7, calls, for a total amount of $298,477.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $145.0 for Expedia Group, spanning the last three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Expedia Group stands at 695.88, with a total volume reaching 1,106.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Expedia Group, situated within the strike price corridor from $95.0 to $145.0, throughout the last 30 days.

Expedia Group Option Volume And Open Interest Over 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 NEUTRAL 01/17/25 $10.1 $9.8 $9.95 $110.00 $597.0K 2.7K 602
EXPE CALL SWEEP BULLISH 06/21/24 $4.15 $4.05 $4.15 $115.00 $69.3K 997 121
EXPE CALL TRADE BULLISH 10/18/24 $5.95 $5.95 $5.95 $130.00 $59.5K 37 0
EXPE CALL TRADE BEARISH 09/20/24 $5.95 $5.8 $5.85 $125.00 $38.6K 265 91
EXPE CALL SWEEP NEUTRAL 09/20/24 $7.45 $7.3 $7.39 $120.00 $37.6K 214 64

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.

Current Position of Expedia Group

  • Trading volume stands at 2,923,830, with EXPE's price down by -2.79%, positioned at $112.78.
  • RSI indicators show the stock to be may be oversold.
  • Earnings announcement expected in 86 days.

What Analysts Are Saying About Expedia Group

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $149.4.

  • An analyst from Piper Sandler downgraded its action to Neutral with a price target of $145.
  • Maintaining their stance, an analyst from HSBC continues to hold a Hold rating for Expedia Group, targeting a price of $132.
  • An analyst from RBC Capital has decided to maintain their Sector Perform rating on Expedia Group, which currently sits at a price target of $140.
  • Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Expedia Group with a target price of $175.
  • Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Expedia Group with a target price of $155.

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.

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Posted In: OptionsMarketsBZI-UOA
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