Expedia (EXPE) is seeing seven times its normal trading volume, as 16,000 call options and 1,440 puts have traded so far today. The stock is up $1.59 to $23.33 on Leverage Buyout talk involving Barry Diller. While EXPE has been the subject of takeover speculation on more than one occasion in the past (see /color EXPE), players are clearly reacting today. Shares are higher and speculative buying is being seen in the June 25 calls, todays most actives. 9,300 contracts have traded, with 70 percent trading on the offer. Sentiment indicated by todays total volume is 61 percent bullish.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.