EXPEExpedia Group, Inc. Common Stock
Options Analysis Report•TRANSPORTATION SERVICES
Market Cap $32.6B|NASDAQ
● 2026-04-17$265.84
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +81.3%YTD -6.0%7D +16.6%
Options Vol
2,743
30D
Implied Move
±16.3%
IV Rank
30%
EXPE Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.8
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 89.8% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.40x — IV premium over HV
Sector Relative≤50%
Sector percentile 94% — above sector median
Term Structure
<1.1xFront/Back 0.97x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 55.6% — normal range
Spread-Adjusted Value
<80%Effective IV 79.7% (ATM 55.6% + spread 12.0% + bias) — fair
Execution Efficiency
<3.0%Total drag 17.65% (spread 12.03% + slippage 5.62%) — high friction
Vega Efficiency
≥5.0Vega efficiency 23.29 (vega 28.021 / spread 12.03%) — efficient
Sentiment
Bullish or bearish?
5.2
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: -1%, Raw: -8%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -1% (neutral) — Raw: -8%
OI Skew Magnitude
≥15%|OI skew| 10.0% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +16.8%, OI skew -10.0% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 27%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +64%, ATM: -23%, OTM: -29% — strong bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 44% — bullish vs sector
Activity
Unusual activity?
3.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 1.0x avg — normal
Turnover Rate
≥15%Vol/OI 3.9% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +7.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 40% — below sector avg
Trade Quality
≥30%Large trade volume 28% — mixed
Execution Urgency
≥60%Aggressive execution 28% — patient
Flow Conviction
≥30Conviction -1 (bearish) — mixed
Liquidity
Can I trade efficiently?
3.4
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 12.0% — wide
Adequate OI
≥10,000OI 69,934 — deep
Active Volume
≥500Volume 2,743/day — adequate
Reasonable Cost
≤$0.50$0.60 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 94% — much wider than sector
Order Book Depth
≥100 contractsDepth 84.3 contracts (bid:42.8 ask:41.5) — thin
Execution Quality
<1.0%Avg slippage 5.62% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -3.1% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 90% — seller opportunity
Event Detection
≥10pts kinkIV kink -5.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 87.46 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 20d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -1% @ 50% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 58 (ITM 20% + inst 28%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls4.8
bullishIV expensive, mixed flow
Long Puts4.6
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.5
bullishIV rich premium, mixed flow
Covered Call5.3
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.