Expedia Group's Options: A Look at What the Big Money is Thinking

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 trades showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 14 options trades for Expedia Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 78% bullish and 21%, bearish.

Out of all of the options we uncovered, 13 are puts, for a total amount of $785,576, and there was 1 call, for a total amount of $159,200.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $115.0 to $160.0 for Expedia Group during the past quarter.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Expedia Group stands at 422.2, with a total volume reaching 1,821.00. 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 $115.0 to $160.0, throughout the last 30 days.

Expedia Group Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About Expedia Group

Expedia is the world's second largest online travel agency by bookings, offering services for lodging (76% of total 2022 sales), air tickets (3%), rental cars, cruises, in-destination, and other (14%), and advertising revenue (7%). Expedia operates a number of branded travel booking sites, including Expedia.com, Hotels.com, Travelocity, Orbitz, Wotif, AirAsia, and Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.

Having examined the options trading patterns of Expedia Group, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Expedia Group

• With a trading volume of 534,281, the price of EXPE is down by -0.73%, reaching $150.1.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 27 days from now.

Professional Analyst Ratings for 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 $162.6.

• Consistent in their evaluation, an analyst from Wedbush keeps a Neutral rating on Expedia Group with a target price of $130.
• An analyst from Ascendiant Capital persists with their Buy rating on Expedia Group, maintaining a target price of $168.
• An analyst from BMO Capital has revised its rating downward to Outperform, adjusting the price target to $181.
• An analyst from BTIG has decided to maintain their Buy rating on Expedia Group, which currently sits at a price target of $175.
• An analyst from Wells Fargo has elevated its stance to Equal-Weight, setting a new price target at $159.

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.