TripAdvisor calls outpace puts 10:1 as shares see relative strength
TripAdvisor calls outpace puts 10:1 as shares see relative strength. The stock up $1.58 to $32.06 on increasing volume of 3.2M shares and the largest option trade is 5.6K Jan 35 calls for $1 when bid-ask was 95c to $1. More than 10.5K traded at that line. Jan 37 calls, Dec 34 calls, and Jan 32 puts are next most active. Total volume is 2X daily average at 20K calls and 2K puts. The stock took a trip to 52-week lows of $30.06 a week ago, which was one week after a one-day negative 23.2% reaction to earnings. But solid gains in shares and heavy call activity today suggests some investors expect a rebound in the weeks/months ahead.