Buying EXPE call contracts.
Expedia Group (EXPE) has held up very well despite the overall decline in the broad market. Travel stocks in general are strong as investors anticipate a year full of vacations and business trips ahed.
Buying call contracts at this level gives us a chance to profit if EXPE returns to its recent highs. And buying in-the-money call contracts helps manage risk as these calls will retain some value even if shares pull back.