How to Profit From Airbnb's "Stuck" Share Price
ABNBAirbnb(ABNB) Benzinga·2024-11-22 02:25

Airbnb (ABNB) is sitting in a wide range into its next earnings cycle in February and it seems reasonable that the price action might stay in that range.Here's the best trade to profit from that.The trade we're looking at today is a short iron condor expiring in January, 2025. Currently, ABNB's relative resistance zone sits right around $150, and relative support is near $330. So we want a trade that makes us money as long as ABNB shares stay in that $150-$330 range.With that in mind, our short iron condor, ...