Investors with a lot of money to spend have taken a bearish stance on Booking Holdings BKNG.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BKNG, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 30 uncommon options trades for Booking Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $410,187, and 22 are calls, for a total amount of $3,886,856.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2100.0 and $5200.0 for Booking Holdings, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Booking Holdings options trades today is 44.5 with a total volume of 339.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Booking Holdings's big money trades within a strike price range of $2100.0 to $5200.0 over the last 30 days.
Booking Holdings 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BKNG | CALL | TRADE | BULLISH | 01/16/26 | $3610.00 | $1.2M | 48 | 19 |
| BKNG | CALL | SWEEP | BULLISH | 01/16/26 | $3610.00 | $1.2M | 48 | 0 |
| BKNG | CALL | TRADE | BULLISH | 01/16/26 | $3610.00 | $284.0K | 48 | 38 |
| BKNG | CALL | TRADE | BULLISH | 01/17/25 | $2100.00 | $158.3K | 5 | 0 |
| BKNG | CALL | TRADE | NEUTRAL | 10/18/24 | $3550.00 | $146.7K | 5 | 0 |
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 several 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
Booking Holdings's Current Market Status
- Currently trading with a volume of 89,410, the BKNG's price is down by 0.0%, now at $3624.73.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 38 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Booking Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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