The short-term rental company posted higher revenue in the third quarter as North American travel trends improved.

Airbnb also expects the average daily rate (ADR), or average cost per night, in the current quarter to increase modestly, compared with a year earlier. Global third-quarter rates came in at $164, up 1% from the prior year. It reported a profit of $2.13 per share for the quarter ended Sept. 30, narrowly missing Street estimates of $2.14 per share.

In the options pits, Airbnb stock has already seen 15 times the intraday volume. So far, 15,000 calls and 25,000 puts have traded hands, and new positions are opening at the top two contracts, the December 120 and 130 puts.