Press "Enter" to skip to content

Tony Zhang Has A Hilton Hotels Trade As Investors Take New Look At Travel Stocks

Tony Zhang of OptionsPlay said on CNBC’s “Options Action” there is a lot of interest in travel stocks right now. He wants to buy a call spread in Hilton Hotels Corporation Common Stock (NYSE: HLT) to get some exposure in the sector. The Dow Jones U.S. Hotels Index has just started to break out and Zhang sees an opportunity for further upside.

To make a bullish bet, Zhang wants to buy the April $115/$130 call spread for a total cost of $5.35. The premium is only around 4.5% of the stock’s value and the trade breaks even at $120.35 or around 3% from the closing price on Friday.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This post was originally published on this site

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *