Financial giants have made a conspicuous bearish move on Booking Holdings. Our analysis of options history for Booking Holdings BKNG revealed 12 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $435,992, and 7 were calls, valued at $369,900.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $2800.0 to $3400.0 for Booking Holdings during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Booking Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Booking Holdings's significant trades, within a strike price range of $2800.0 to $3400.0, over the past month.
Booking Holdings Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BKNG | PUT | TRADE | BEARISH | 01/19/24 | $3150.00 | $256.0K | 5 | 1 |
| BKNG | CALL | TRADE | BEARISH | 01/19/24 | $3100.00 | $138.8K | 106 | 12 |
| BKNG | CALL | TRADE | BEARISH | 01/19/24 | $3120.00 | $58.7K | 30 | 5 |
| BKNG | PUT | SWEEP | BULLISH | 04/19/24 | $3175.00 | $56.1K | 1 | 3 |
| BKNG | PUT | SWEEP | BEARISH | 12/01/23 | $3250.00 | $55.7K | 2 | 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.
Following our analysis of the options activities associated with Booking Holdings, we pivot to a closer look at the company's own performance.
Present Market Standing of Booking Holdings
- Currently trading with a volume of 108,414, the BKNG's price is up by 0.88%, now at $3142.86.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 87 days.
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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