Big Expedia Pre-Earnings Options Bet (EXPE)

Posted in Options 
October 21st, 2009

Expedia, Inc. (NASDAQ: EXPE) is set to report earnings next week before the market opens on October 29. We have seen 3.66 million shares trade today versus 3.8+ million shares on average.  While the gain is over 3% at $26.38, that is very pale in comparison what we saw in options trading today.  We have now seen some 20,650 contracts trade in the NOV-2009 $30 CALLS.  Before this, the open interest was a mere 1,769 contracts.  Someone is making a big pre-earnings bet as the 52-week trading range is $6.00 to $26.55. -JON OGG

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