Check Out What Whales Are Doing With BKNG

Someone with a lot of money to spend has taken a bearish stance on Booking Holdings BKNG.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Booking Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $203,841, and 5 are calls, for a total amount of $234,365.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2500.0 to $3800.0 for Booking Holdings over the last 3 months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Booking Holdings options trades today is 31.83 with a total volume of 5.00.

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 $2500.0 to $3800.0 over the last 30 days.

Booking Holdings Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

Where Is Booking Holdings Standing Right Now?

• Currently trading with a volume of 22,904, the BKNG's price has down by 0.0%, now at $3011.9. RSI readings suggest the stock is currently may be approaching overbought. Anticipated earnings release is in 106 days.

Expert Opinions on Booking Holdings:

• DA Davidson has elevated its stance to Buy, setting a new price target at $3400.
• Maintaining their stance, UBS continues to hold a Buy rating for Booking Holdings, targeting a price of $4000.
• JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $3600.
• HSBC downgraded its action to Buy with a price target of $3650.
• RBC Capital downgraded its action to Outperform with a price target of $3550.

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.