Puts Sold on Expedia (EXPE)

Shares of Expedia Inc. EXPE ended the session lower by 0.32%, trading at $18.82. The stock has been trading largely lower over the past six months and is in a technical downtrend. Options traders were selling puts on the name today, though. The July $17.50 put, which expires this week, was sold 14,000 times (in smaller lots) throughout the day; open interest on the strike is 14,180 contracts, which suggests that a long put position was likely closed out. Put volume was running at 14.66x the daily average. Expedia, Inc. is an online travel company. The company makes available on a stand-alone and package basis, travel products and services provided by numerous airlines, lodging properties, car rental companies, destination service providers, cruise lines and other travel product and service companies. It also offers travel and non-travel advertisers access to a source of incremental traffic and transactions through the various media and advertising offerings on both the TripAdvisor Media Network and on the transaction-based Websites.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: Long IdeasTechnicalsOptionsTrading IdeasConsumer DiscretionaryInternet Retail
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!