Investors with a lot of money to spend have taken a bearish stance on Trip.com Group TCOM.
And retail traders should know.
We noticed this today when the trades 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 TCOM, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Trip.com Group.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 50%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $86,450, and 6 are calls, for a total amount of $378,160.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $75.0 for Trip.com Group during the past quarter.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Trip.com Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Trip.com Group's significant trades, within a strike price range of $50.0 to $75.0, over the past month.
Trip.com Group Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TCOM | CALL | TRADE | BEARISH | 03/21/25 | $3.0 | $2.85 | $2.9 | $75.00 | $130.5K | 410 | 510 |
| TCOM | CALL | SWEEP | BEARISH | 09/19/25 | $9.6 | $9.5 | $9.5 | $70.00 | $70.3K | 1 | 169 |
| TCOM | CALL | TRADE | BULLISH | 06/20/25 | $19.4 | $18.9 | $19.35 | $50.00 | $58.0K | 1.4K | 30 |
| TCOM | PUT | SWEEP | NEUTRAL | 01/17/25 | $1.3 | $1.25 | $1.3 | $65.00 | $56.9K | 2.3K | 651 |
| TCOM | CALL | SWEEP | BEARISH | 09/19/25 | $9.7 | $9.5 | $9.5 | $70.00 | $44.6K | 1 | 258 |
About Trip.com Group
Trip.com is the largest online travel agent in China and is positioned to benefit from the country's rising demand for higher-margin outbound travel as passport penetration is only 12% in China. The company generated about 78% of sales from accommodation reservations and transportation ticketing in 2020. The rest of revenue comes from package tours and corporate travel. Before the pandemic in 2019, the company generated 25% of revenue from international business, which is important to its margin expansion. Most of sales come from its online platform, but the company also maintains offline call centers. The competes in a crowded OTA industry in China, including Meituan, Alibaba-backed Fliggy, Tongcheng, and Qunar. The company was founded in 1999 and listed on the Nasdaq in December 2003.
In light of the recent options history for Trip.com Group, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Trip.com Group's Current Market Status
- Currently trading with a volume of 1,451,973, the TCOM's price is up by 2.15%, now at $66.16.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 47 days.
What The Experts Say On Trip.com Group
In the last month, 1 experts released ratings on this stock with an average target price of $78.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Citigroup has decided to maintain their Buy rating on Trip.com Group, which currently sits at a price target of $78.
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 Trip.com Group with Benzinga Pro for real-time alerts.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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