Deep-pocketed investors have adopted a bearish approach towards Booking Holdings BKNG, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BKNG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Booking Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 6% leaning bullish and 93% bearish. Among these notable options, 6 are puts, totaling $204,024, and 10 are calls, amounting to $497,158.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1320.0 to $3600.0 for Booking Holdings over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Booking Holdings stands at 94.4, with a total volume reaching 163.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Booking Holdings, situated within the strike price corridor from $1320.0 to $3600.0, throughout the last 30 days.
Booking Holdings 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BKNG | CALL | TRADE | BEARISH | 06/21/24 | $1320.00 | $186.8K | 3 | 0 |
| BKNG | CALL | TRADE | NEUTRAL | 01/19/24 | $2500.00 | $65.3K | 53 | 0 |
| BKNG | PUT | SWEEP | NEUTRAL | 12/01/23 | $3150.00 | $43.2K | 73 | 1 |
| BKNG | PUT | SWEEP | NEUTRAL | 12/01/23 | $3150.00 | $43.2K | 73 | 53 |
| BKNG | CALL | TRADE | BULLISH | 11/17/23 | $2700.00 | $41.2K | 6 | 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 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.
After a thorough review of the options trading surrounding Booking Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Booking Holdings Standing Right Now?
- Currently trading with a volume of 68,696, the BKNG's price is down by -0.55%, now at $3111.6.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 97 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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