Travel Stock Rallying Ahead of Earnings

Group 1 - Viking Holdings Ltd (NYSE:VIK) is set to report earnings on November 19, 2024, with the stock having experienced a decline in its last two post-earnings sessions, including an 8.8% drop in August [1] - Options traders are actively targeting VIK, with 2,314 calls and 1,588 puts traded, which is eight times the stock's average daily options volume, indicating significant interest ahead of the earnings report [2] - VIK is currently trading near its record high of $46.25, having increased by 31% for the quarter since breaking above long-term resistance at the $36 level in early October [3] Group 2 - The most popular options positions include the December 45 put and December 50 call, with the December 45 put being the top open interest position [2] - The stock's 14-day relative strength index (RSI) is at 81.6, indicating an "overbought" status, which suggests a potential short-term dip could occur following the earnings report [3]