A break of $50 might mean $55
The bookings numbers are the only numbers that really matter to analysts. The company beat on the bookings number by about $20M which was initially viewed as good news. The problem was on the CC the CFO said that this was simply business that was booked earlier than expected and said that analysts should LOWER their bookings guidance by the $20M number for the next Q. So basically they really didn't beat. In-line at best. Was just a sell forward $20M. Hope that helps...
See you in low $80's or upper $70's tomorrow. They said on the CC they are lowering bookings by $15M-$20M for next Q due to sales in the reported Q. Problem is they only beat by $10M so in effect they are guiding to a miss.
Airlines more likely to deal with PCLN
Well another 2500 puts got bought today for $420 ea. By my math thats another $1 Million dollars saying its going lower. As you might be aware a in-line or slight beat could cause a 10%-20% drop. I wouldn't dare bet against a $2.5M bet thats says that its going down. I watch option activity all the time and this particular bet stands out like a pink elephant. Even when people have a good idea which way a stock is going you rarely see a bet where a investor bets on a strike only 3 weeks out on such an expensive bet. I obviously am betting this individual is right.
Its going down big and somebody big is betting on it. These are $450 an option so its a very big bet!