Even bullish analysts max EXPE at $44. So why would you be bullish. Just looking to bang out some shorts before fleeing. Who would buy a stock that's already at the max target price? Not me. I'll play puts on this one till it settles back down.
Bullish about 12% growth? Already way over target price? At MAX target price? Off a great spike up? Markets could tank at a moments notice? Markets priced in all the positive? Many other stocks with much better growth potential?
Not a great place to tie up funds. If it wasn't so overbought I might not buy puts, but the reason it's not mid $30s is because it's wildly overbought and overshorted. This means it's artificially inflated and when the news cycle ends and volume returns to normal EXPE will tank.