Airbnb Options Traders Betting On Stock Falling This Much By Friday

Several major companies, including The Coca-Cola Company KO, Airbnb, Inc. ABNB, Marriott International, Inc. MAR and Tripadvisor, Inc. TRIP are scheduled to release quarterly earnings today.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said Airbnb traded at over 2x average daily options volume on Monday.

Options markets are implying a move of +/-9% by the end of the week.

Don’t forget to check out our premarket coverage here

There were buyers of 5,952 of the February 100-puts at an average price of $1.03 per contract, Khouw mentioned.

The traders expect Airbnb’s stock dropping at least 15% by Friday.

Price Action: Shares of Airbnb gained 6.9% to close at $116.42 on Monday.

Check This Out: $5M Bet On Minerva Surgical? Check Out These 4 Penny Stocks Insiders Are Buying

Photo: Airbnb