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 73 strange trades.
If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 71% with bearish.
From the overall spotted trades, 37 are puts, for a total amount of $1,786,380 and 36, calls, for a total amount of $1,923,184.
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 $1400.0 to $3300.0 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 48.34 with a total volume of 4,420.00.
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 $1400.0 to $3300.0 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 | SWEEP | BEARISH | 05/05/23 | $2600.00 | $192.3K | 187 | 1.0K |
| BKNG | PUT | TRADE | BEARISH | 10/20/23 | $3100.00 | $168.1K | 22 | 3 |
| BKNG | PUT | SWEEP | BEARISH | 05/12/23 | $2600.00 | $144.5K | 55 | 176 |
| BKNG | CALL | TRADE | BULLISH | 06/21/24 | $1400.00 | $130.4K | 1 | 1 |
| BKNG | CALL | TRADE | BEARISH | 07/21/23 | $2460.00 | $109.4K | 322 | 5 |
Where Is Booking Holdings Standing Right Now?
- With a volume of 518,326, the price of BKNG is down -1.26% at $2570.66.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 89 days.
What The Experts Say On Booking Holdings:
- Mizuho has decided to maintain their Buy rating on Booking Holdings, which currently sits at a price target of $2950.
- Barclays has decided to maintain their Overweight rating on Booking Holdings, which currently sits at a price target of $2960.
- Argus Research has decided to maintain their Buy rating on Booking Holdings, which currently sits at a price target of $3000.
- RBC Capital downgraded its action to Outperform with a price target of $2750
- Credit Suisse has decided to maintain their Outperform rating on Booking Holdings, which currently sits at a price target of $2950.
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.
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