Financial giants have made a conspicuous bullish move on Booking Holdings. Our analysis of options history for Booking Holdings BKNG revealed 17 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $495,971, and 8 were calls, valued at $436,017.
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 $2500.0 to $3600.0 for Booking Holdings over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Booking Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Booking Holdings's substantial trades, within a strike price spectrum from $2500.0 to $3600.0 over the preceding 30 days.
Booking Holdings Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BKNG | PUT | TRADE | BULLISH | 12/01/23 | $3100.00 | $104.2K | 141 | 1 |
| BKNG | CALL | TRADE | BULLISH | 01/17/25 | $2500.00 | $90.8K | 50 | 1 |
| BKNG | CALL | TRADE | BEARISH | 01/17/25 | $2500.00 | $90.6K | 50 | 0 |
| BKNG | CALL | TRADE | BULLISH | 01/17/25 | $2500.00 | $90.2K | 50 | 2 |
| BKNG | PUT | TRADE | NEUTRAL | 03/15/24 | $3150.00 | $74.7K | 72 | 7 |
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.
Present Market Standing of Booking Holdings
- With a volume of 77,257, the price of BKNG is up 0.17% at $3150.46.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 92 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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