Buying EXPE call contracts.

The market has potential for an oversold bear market rally — especially as the S&P 500 tests support from the June lows.

If this happens, Expedia Group (EXPE) could be a major beneficiary.

The travel company should profit from international travel.

And affluent consumers continue to book trips despite fears of recession.

It helps that the strong U.S. dollar is making it cheaper for U.S. travelers to visit Europe and other international destinations.

Shares of EXPE already found support near the stock’s July lows and a rebound could drive the stock higher by 20% or more.

Our in-the-money call contracts will allow us to participate if the stock continues higher, while muting our risk if shares pull back.