Whales with a lot of money to spend have taken a noticeably bearish stance on Expedia Group.
Looking at options history for Expedia Group EXPE we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 17 are puts, for a total amount of $1,544,182 and 2, calls, for a total amount of $168,301.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $120.0 to $135.0 for Expedia Group over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Expedia Group stands at 538.0, with a total volume reaching 5,667.00. 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 $120.0 to $135.0, 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 | SWEEP | BULLISH | 08/16/24 | $10.25 | $9.55 | $10.25 | $130.00 | $162.9K | 1.4K | 159 |
| EXPE | PUT | SWEEP | BEARISH | 08/16/24 | $12.65 | $12.65 | $12.65 | $135.00 | $126.5K | 314 | 200 |
| EXPE | PUT | SWEEP | BEARISH | 08/16/24 | $13.15 | $12.6 | $12.6 | $135.00 | $126.0K | 314 | 100 |
| EXPE | PUT | SWEEP | BEARISH | 08/16/24 | $13.0 | $12.55 | $12.55 | $135.00 | $125.5K | 314 | 600 |
| EXPE | PUT | SWEEP | BEARISH | 08/16/24 | $12.55 | $12.55 | $12.55 | $135.00 | $125.5K | 314 | 500 |
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 online 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.
Following our analysis of the options activities associated with Expedia Group, we pivot to a closer look at the company's own performance.
Present Market Standing of Expedia Group
- With a trading volume of 1,213,881, the price of EXPE is down by -1.42%, reaching $126.66.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 14 days from now.
Expert Opinions on Expedia Group
2 market experts have recently issued ratings for this stock, with a consensus target price of $160.0.
- Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new price target of $180.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Expedia Group with a target price of $140.
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.
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