A whale with a lot of money to spend has taken a noticeably bearish stance on Expedia Group.
Looking at options history for Expedia Group (NASDAQ:EXPE) we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 18% of the investors opened trades with bullish expectations and 81% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $430,934 and 3, calls, for a total amount of $198,704.
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 $145.0 to $180.0 for Expedia Group over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Expedia Group options trades today is 864.27 with a total volume of 740.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Expedia Group's big money trades within a strike price range of $145.0 to $180.0 over 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 | 05/06/22 | $155.00 | $143.6K | 10 | 181 |
| EXPE | PUT | TRADE | BEARISH | 05/06/22 | $170.00 | $100.0K | 3.5K | 1 |
| EXPE | PUT | SWEEP | BEARISH | 07/15/22 | $150.00 | $95.4K | 87 | 96 |
| EXPE | PUT | TRADE | BEARISH | 05/20/22 | $155.00 | $63.5K | 534 | 7 |
| EXPE | PUT | SWEEP | BEARISH | 05/27/22 | $145.00 | $42.6K | 1 | 2 |
Where Is Expedia Group Standing Right Now?
- With a volume of 1,679,531, the price of EXPE is down -9.23% at $158.67.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 93 days.
What The Experts Say On Expedia Group:
- Citigroup downgraded its action to Neutral with a price target of $200
- RBC Capital has decided to maintain their Sector Perform rating on Expedia Group, which currently sits at a price target of $185.
- Morgan Stanley has decided to maintain their Equal-Weight rating on Expedia Group, which currently sits at a price target of $210.
- Credit Suisse has decided to maintain their Outperform rating on Expedia Group, which currently sits at a price target of $225.
- Deutsche Bank has decided to maintain their Buy rating on Expedia Group, which currently sits at a price target of $235.
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.
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