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This Is What Whales Are Betting On Expedia Group

Someone with a lot of money to spend has taken a bullish stance on Expedia Group EXPE.

And retail traders should know.

We noticed this today when the big position 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.

So how do we know what this whale just did?

Today, Benzinga‘s options scanner spotted 13 uncommon options trades for Expedia Group.

This isn’t normal.

The overall sentiment of these big-money traders is split between 69% bullish and 30%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $357,085, and 9 are calls, for a total amount of $1,297,601.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $185.0 for Expedia Group over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Expedia Group’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Expedia Group’s whale trades within a strike price range from $70.0 to $185.0 in the last 30 days.

Expedia Group Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
EXPE CALL TRADE BEARISH 01/20/23 $130.00 $930.0K 708 1.5K
EXPE PUT SWEEP BEARISH 08/05/22 $104.00 $183.0K 540 300
EXPE PUT TRADE BULLISH 08/05/22 $99.00 $108.6K 473 312
EXPE CALL SWEEP BULLISH 08/05/22 $105.00 $88.0K 226 226
EXPE CALL TRADE BULLISH 06/16/23 $185.00 $48.0K 267 200
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
EXPE CALL TRADE BEARISH 01/20/23 $130.00 $930.0K 708 1.5K
EXPE PUT SWEEP BEARISH 08/05/22 $104.00 $183.0K 540 300
EXPE PUT TRADE BULLISH 08/05/22 $99.00 $108.6K 473 312
EXPE CALL SWEEP BULLISH 08/05/22 $105.00 $88.0K 226 226
EXPE CALL TRADE BULLISH 06/16/23 $185.00 $48.0K 267 200

Where Is Expedia Group Standing Right Now?

  • With a volume of 2,004,965, the price of EXPE is down -2.78% at $102.71.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 0 days.

What The Experts Say On Expedia Group:

  • Evercore ISI Group has decided to maintain their In-Line rating on Expedia Group, which currently sits at a price target of $154.
  • Truist Securities has decided to maintain their Buy rating on Expedia Group, which currently sits at a price target of $185.
  • Deutsche Bank has decided to maintain their Buy rating on Expedia Group, which currently sits at a price target of $130.
  • UBS has decided to maintain their Neutral rating on Expedia Group, which currently sits at a price target of $108.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Expedia Group, Benzinga Pro gives you real-time options trades alerts.

This post was originally published on this site

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