Airbnb Options Traders Betting On Stock Falling This Much By Friday

Several major companies, including The Coca-Cola Company (NYSE: KO), Airbnb, Inc. (NASDAQ: ABNB), Marriott International, Inc. (NASDAQ: MAR) and Tripadvisor, Inc. (NASDAQ: TRIP) are scheduled to release quarterly earnings today.

On CNBC’s “Options Action,” Mike Khouw of Optimize Advisors said Airbnb traded at over 2x average daily options volume on Monday.

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Options markets are implying a move of +/-9% by the end of the week.

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There were buyers of 5,952 of the February 100-puts at an average price of $1.03 per contract, Khouw mentioned.

The traders expect Airbnb’s stock dropping at least 15% by Friday.

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Price Action: Shares of Airbnb gained 6.9% to close at $116.42 on Monday.

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Photo: Airbnb

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This article Airbnb Options Traders Betting On Stock Falling This Much By Friday originally appeared on Benzinga.com