...not so hot. Good but not 25%+ good. Holders will be glad to sell from this point on. Knee-jerk overreaction. I could see it should be up $2-3+ today, no more. So that means it's in-the-money "put" time. Not short because you can ride it out if it spikes any more today. After today it's done. 100% done.
And also the funds have their big block sells in ticking away 100 lots at a time all day long. shifting the ownership quietly to individuals from institutions. So today's action is smart money flowing to silly money.
JMHO...and I do have a stake. Just sharing ideas. Silly to think these boards have influence.
All these travel companies are vulnerable now. Way to expensive, too many players, global econmoc concerns, stock price too high too fast, ...
But a spike of 27%+ today means EXPE is my play for now. PCLN after their earnings. If the market drops from here EXPE will join and a higher pct down. I'm sure Apple folks were screaming $1000+. After the original spike it's moved nowhere. EXPE has moved up much more violently on less than super expectations.
Will hold these puts tight and will no doubt have n excellent sell point in the next week or so.