Bulls bet on Ctrip.com traveling higher

By
A A A

Ctrip.com popped this morning, and the bulls are looking for more.

optionMONSTER's Heat Seeker tracking system detected the purchase of more than 2,800 January 26 calls for $0.25 to $0.35. Volume was almost 5 times open interest in the strike.

CTRP is up 2.27 percent to $24.35 in afternoon trading and at one point was up more than 8 percent. The Chinese online travel agency reported weaker-than-expected earnings and revenue the last time it issued results on Nov. 14. Guidance was also weak.

Nonetheless, in the last month, the stock has been stabilizing above $22 after plunging roughly 50 percent since the end of July.

The date of the next earnings release hasn't yet been announced, but it will probably be in mid-February, based on last year. Given that those January 26 calls expire at the end of next week, today's buyers are looking for a run even sooner.

Overall option volume is 7 times greater than average so far today, with calls outnumbering puts by 6 to 1.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.


This article appears in: Investing , Options

Referenced Stocks: CTRP

optionMONSTER

optionMONSTER

More from optionMONSTER:

Related Videos

Stocks

Referenced

Most Active by Volume

91,252,153
  • $13.78 ▼ 4.31%
68,133,496
  • $12.93 ▲ 6.77%
57,268,074
  • $46.13 ▲ 2.47%
43,432,023
  • $105.22 ▲ 0.37%
40,880,685
  • $13.46 ▲ 8.90%
40,712,405
  • $98.62 ▲ 0.82%
39,776,976
  • $16.72 ▲ 0.72%
34,688,871
  • $11.16 ▲ 3.05%
As of 10/24/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com