Extreme Option Profits Chart of Day…TripAdvisor Inc. (TRIP)

Over the last few months, the pandemic crippled the economy, destroying most travel stocks.

However, with a potential vaccine, those stocks may now be great “blood in the streets” opportunities. All on news Pfizer just said its COVID-19 vaccine is 90% effective.

“Amazing news from Pfizer with 90% efficacy. This hopefully is the beginning of the end of our fight against Covid,” Peter Boockvar, chief investment officer at Bleakley Advisory Group, said, as quoted by CNBC.

One of the top travel stocks you may want to consider is TripAdvisor Inc. (TRIP), which plummeted from $62 to a low of $15.40 before recovering to a current price of $26.84.  If the stock can break above double top resistance at current prices, and we see a vaccine hit the market, the stock could challenge $30 shortly.

According to Forbes:

“The online travel booking site stock could also see a strong upside once the Covid-19 fear abates. This is based on the company’s cash balance of $446 million and another $1 billion in liquidity, providing all the cash needed to safeguard from the current downturn.”

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