Financial giants have made a conspicuous bearish move on Booking Holdings. Our analysis of options history for Booking Holdings BKNG revealed 28 unusual trades.
Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $814,391, and 15 were calls, valued at $1,382,983.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $2420.0 to $4800.0 for Booking Holdings during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Booking Holdings's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Booking Holdings's whale trades within a strike price range from $2420.0 to $4800.0 in the last 30 days.
Booking Holdings Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BKNG | CALL | SWEEP | NEUTRAL | 01/16/26 | $3710.00 | $466.8K | 12 | 6 |
| BKNG | PUT | TRADE | BULLISH | 09/20/24 | $3100.00 | $184.0K | 8 | 20 |
| BKNG | CALL | TRADE | BULLISH | 03/08/24 | $2420.00 | $130.8K | 0 | 0 |
| BKNG | CALL | TRADE | BULLISH | 03/15/24 | $3150.00 | $120.0K | 70 | 0 |
| BKNG | PUT | TRADE | BEARISH | 01/17/25 | $3800.00 | $115.2K | 70 | 5 |
About Booking Holdings
Booking is the world's largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airline tickets, rental cars, restaurant reservations, cruises, experiences, and other vacation packages. The company operates a number of branded travel booking sites, including Booking.com, Agoda, OpenTable, and Rentalcars.com, and has expanded into travel media with the acquisitions of Kayak and Momondo. Transaction fees for online bookings account for the bulk of revenue and profits.
Having examined the options trading patterns of Booking Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Booking Holdings
- Trading volume stands at 68,346, with BKNG's price down by -3.45%, positioned at $3707.67.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 13 days.
Professional Analyst Ratings for Booking Holdings
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $4022.0.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for Booking Holdings, targeting a price of $3610.
- Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Booking Holdings with a target price of $4200.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on Booking Holdings, which currently sits at a price target of $4200.
- An analyst from Mizuho has decided to maintain their Buy rating on Booking Holdings, which currently sits at a price target of $4250.
- An analyst from Wedbush downgraded its action to Outperform with a price target of $3850.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Booking Holdings with Benzinga Pro for real-time alerts.
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