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.
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.
Price Action: Shares of Airbnb gained 6.9% to close at $116.42 on Monday.
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This article Airbnb Options Traders Betting On Stock Falling This Much By Friday originally appeared on Benzinga.com