Tony Zhang Has A Hilton Hotels Trade As Investors Take New Look At Travel Stocks

Tony Zhang of OptionsPlay said on CNBC's "Options Action" there is a lot of interest in travel stocks right now. He wants to buy a call spread in Hilton Hotels Corporation Common Stock HLT to get some exposure in the sector. The Dow Jones U.S. Hotels Index has just started to break out and Zhang sees an opportunity for further upside.

To make a bullish bet, Zhang wants to buy the April $115/$130 call spread for a total cost of $5.35. The premium is only around 4.5% of the stock's value and the trade breaks even at $120.35 or around 3% from the closing price on Friday.