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500 Calls Trade in Travel & Leisure Co. (Symbol: TNL) Earnings Expiration

OptionWatch:

500 Calls Trade in Travel & Leisure Co. (Symbol: TNL) Earnings Expiration

Posted June 17, 2024 at 10:45 am
Jeff Praissman
Interactive Brokers

This morning 500 Travel & Leisure Co. (Symbol: TNL) August 16 ’24 47.5 calls traded between $0.75 and $0.81 in small lots. These were opening trades since the open interest in the TNL 47.5 calls this morning was less than 300. This may be an earnings play since TNL is expected to release earnings between July 24th and July 29th, with no weekly expirations in TNL the August 16th expiration would see any volatility boosts from an earnings event.

TNL has met or exceeded earning forecasts seven of the past eight earnings cycles and the trader may be trying to capitalize on a potential positive stock move.

TNL has met or exceeded earning forecasts seven of the past eight earnings cycles and the trader may be trying to capitalize on a potential positive stock move.

Source: IBKR TWS. Past performance is not indicative of future results

TNL is currently trading at $43.60. TNL has a 52-week high of $49.02 and a 52-week low of $31.49.

TNL is currently trading at $43.60. TNL has a 52-week high of $49.02 and a 52-week low of $31.49.

Source: IBKR TWS. Past performance is not indicative of future results

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