pandersail

Short idea EXPEDIA (update)

Short
pandersail Updated   
BATS:EXPE   Expedia Group, Inc.
We seem to be well placed for a EXPE short on the 50MA test. Heavy short volume at that level, which also coincides with elliott waves
Comment:
DBS Bank Cuts Expedia's Price Target to $135 From $150
Comment:
6 months RSI divergence formed
Comment:
price forming a falling wedge, we have a reversal potential with the support at $126. posted a thorough breakdown and trade for both cases on Substack open.substack.c...-break-or-broke?r=27dao0&a...
Trade active:
I sold bear put option at profit at 28% profit around 28$ on 19/4. Re-entered another bearish trade expiring 03/5

also Bearish article by NewsEdge Equities today
"Expedia Group's Options: A Look at What the Big Money is Thinking

Financial giants have made a conspicuous bearish move on Expedia Group. Our analysis of options history for Expedia Group (NASDAQ:EXPE) revealed 9 unusual trades.

Delving into the details, we found 11% of traders were bullish, while 88% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $94,665, and 6 were calls, valued at $506,743."

social.saxo/tvfanq1?uuid=GJPrA...

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