Whales with a lot of money to spend have taken a noticeably bearish stance on Booking Holdings.
Looking at options history for Booking Holdings BKNG we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 14% of the investors opened trades with bullish expectations and 85% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $225,484 and 8, calls, for a total amount of $515,275.
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 $3000.0 to $3400.0 for Booking Holdings during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Booking Holdings's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Booking Holdings's whale trades within a strike price range from $3000.0 to $3400.0 in 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 | BULLISH | 01/05/24 | $3100.00 | $125.8K | 2 | 0 |
| BKNG | CALL | TRADE | BEARISH | 01/19/24 | $3000.00 | $105.6K | 147 | 18 |
| BKNG | CALL | TRADE | BEARISH | 01/19/24 | $3000.00 | $105.6K | 147 | 14 |
| BKNG | PUT | SWEEP | NEUTRAL | 03/15/24 | $3350.00 | $49.8K | 0 | 3 |
| BKNG | CALL | TRADE | NEUTRAL | 06/21/24 | $3100.00 | $44.5K | 59 | 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.
Booking Holdings's Current Market Status
- Currently trading with a volume of 20,049, the BKNG's price is up by 1.36%, now at $3319.63.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 73 days.
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.
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