A whale with a lot of money to spend has taken a noticeably bearish stance on Expedia Group.
Looking at options history for Expedia Group EXPE we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $781,445 and 3, calls, for a total amount of $119,438.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $100.0 for Expedia Group over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Expedia Group's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Expedia Group's whale trades within a strike price range from $60.0 to $100.0 in the last 30 days.
Expedia Group Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| EXPE | PUT | TRADE | BEARISH | 10/20/23 | $100.00 | $431.5K | 245 | 392 |
| EXPE | PUT | TRADE | BULLISH | 10/20/23 | $80.00 | $156.0K | 121 | 400 |
| EXPE | CALL | TRADE | BEARISH | 06/02/23 | $98.00 | $49.8K | 233 | 662 |
| EXPE | CALL | TRADE | BULLISH | 06/21/24 | $100.00 | $41.4K | 1 | 27 |
| EXPE | PUT | SWEEP | BULLISH | 05/26/23 | $94.00 | $37.5K | 584 | 877 |
Where Is Expedia Group Standing Right Now?
- With a volume of 1,579,066, the price of EXPE is up 2.13% at $95.31.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 70 days.
What The Experts Say On Expedia Group:
- Citigroup has decided to maintain their Neutral rating on Expedia Group, which currently sits at a price target of $105.
- Credit Suisse has decided to maintain their Outperform rating on Expedia Group, which currently sits at a price target of $172.
- Barclays has decided to maintain their Overweight rating on Expedia Group, which currently sits at a price target of $113.
- Oppenheimer has decided to maintain their Outperform rating on Expedia Group, which currently sits at a price target of $120.
- DA Davidson has decided to maintain their Neutral rating on Expedia Group, which currently sits at a price target of $109.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Expedia Group, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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