Trip.com Soars 15.1%—What’s Fueling This Sudden Surge?

Summary
• Trip.com (TCOM) rockets 15.1% intraday, surging from $69.79 to $75.20 in under 24 hours.
• Turnover spikes to 6.84 million shares, outpacing its 1.05% average turnover rate.
• Options frenzy: 20 contracts trade with leverage ratios exceeding 30%, including TCOM20250919C75 at 300.06%.
• RSI at 58.4 and MACD histogram at 0.407 signal bullish momentum amid a long-term rangebound pattern.
This explosive move defies sector norms as Booking Holdings (BKNG) lags with just 0.47% gains. Could technical triggers or options-driven speculation be the catalyst?

Bullish Technicals and Options Volatility Ignite Short-Term Rally
Trip.com’s 15.1% intraday surge aligns with a short-term bullish K-line pattern and a MACD crossover above the signal line (0.906 vs. 0.499). The RSI at 58.4 suggests moderate strength, while the price remains above the 200-day MA of $63.60. Options data reveals aggressive call buying: TCOM20250919C75 (strike $75) has a 300.06% leverage ratio and 0.538 delta, indicating high conviction in a near-term breakout. The 75.20 intraday high approaches the 52-week peak of $77.18, suggesting a test of key resistance.

Capitalizing on Momentum: ETF-Linked Options and Key Levels
• Technical Indicators:
- 200-day MA: $63.60 (below current price)
- RSI: 58.4 (neutral to bullish)
- MACD: 0.906 (bullish divergence)
- Bollinger Bands: Price at $75.15 vs. upper band $66.56 (overbought)
• Trading Setup:
- Key resistance: $75.20 (intraday high), $77.18 (52W high)
- Immediate support: $69.79 (intraday low), $64.79 (30D support)
- Short-term outlook: Bullish if $75.20 holds; bearish on breakdown to $69.79.
• Top Options:
- TCOM20250919C75 (Call, $75 strike, 2025-09-19):
- IV: 31.01% (moderate)
- LVR: 300.06% (high leverage)
- Delta: 0.538 (moderate sensitivity)
- Theta: -0.112 (rapid time decay)
- Gamma: 0.0678 (high sensitivity to price swings)
- Turnover: $268,646 (high liquidity)
- Why it stands out: High leverage and gamma make it ideal for a 5% upside scenario (projected price $78.91), yielding a $3.91 payoff per contract.
- TCOM20250919C70 (Call, $70 strike, 2025-09-19):
- IV: 33.00% (moderate)
- LVR: 12.65% (low leverage)
- Delta: 0.823 (high sensitivity)
- Theta: -0.1259 (rapid decay)
- Gamma: 0.0416 (modest sensitivity)
- Turnover: $430,602 (high liquidity)
- Why it stands out: High delta ensures participation in a breakout, with a 5% upside scenario yielding $8.91 payoff per contract.
• Hook: Aggressive bulls may consider TCOM20250919C75 into a test of $75.20; conservative traders should watch $69.79 for a potential reversal.

Backtest Trip.com Stock Performance
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Act Now: Ride the Bullish Wave or Hedge for a Reversal
Trip.com’s 15.1% surge is driven by technical momentum and options-driven speculation, with key resistance at $75.20 and support at $69.79. The 300.06% leverage ratio of TCOM20250919C75 offers high-reward potential if the price breaks above $75.20, but a breakdown to $69.79 could trigger a sharp reversal. Sector leader Booking Holdings (BKNG) remains flat at +0.47%, suggesting TCOM’s move is stock-specific. Investors should monitor the $75.20 level and consider TCOM20250919C75 for a bullish bet or TCOM20250919P70 (put) for downside protection. Watch for a 5% upside confirmation or a breakdown below $69.79 to pivot strategies.