A whale with a lot of money to spend has taken a noticeably bearish stance on Booking Holdings.
Looking at options history for Booking Holdings BKNG we detected 14 strange trades.
If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $237,320 and 11, calls, for a total amount of $837,592.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1700.0 to $3500.0 for Booking Holdings over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Booking Holdings options trades today is 38.14 with a total volume of 160.00.
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 $1700.0 to $3500.0 over the last 30 days.
Booking Holdings Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BKNG | CALL | TRADE | NEUTRAL | 08/19/22 | $1790.00 | $186.1K | 2 | 17 |
| BKNG | CALL | SWEEP | NEUTRAL | 08/19/22 | $1750.00 | $185.9K | 18 | 15 |
| BKNG | PUT | TRADE | BEARISH | 10/21/22 | $3500.00 | $172.9K | 0 | 1 |
| BKNG | CALL | SWEEP | BEARISH | 08/19/22 | $1790.00 | $145.6K | 2 | 39 |
| BKNG | CALL | SWEEP | BULLISH | 07/15/22 | $1700.00 | $66.3K | 55 | 51 |
Where Is Booking Holdings Standing Right Now?
- With a volume of 26,807, the price of BKNG is up 1.95% at $1785.0.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 27 days.
What The Experts Say On Booking Holdings:
- Goldman Sachs has decided to maintain their Neutral rating on Booking Holdings, which currently sits at a price target of $2360.
- JMP Securities has decided to maintain their Market Outperform rating on Booking Holdings, which currently sits at a price target of $2300.
- Morgan Stanley has decided to maintain their Equal-Weight rating on Booking Holdings, which currently sits at a price target of $2100.
- JP Morgan has decided to maintain their Overweight rating on Booking Holdings, which currently sits at a price target of $2435.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Booking Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
