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 10 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 30% leaning bullish and 70% bearish. Among these notable options, 2 are puts, totaling $127,800, and 8 are calls, amounting to $366,591.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $1900.0 to $3600.0 for Booking Holdings during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Booking Holdings stands at 75.86, with a total volume reaching 51.00. 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 $1900.0 to $3600.0, throughout the last 30 days.
Booking Holdings Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BKNG | CALL | TRADE | BULLISH | 04/19/24 | $1900.00 | $128.2K | 2 | 0 |
| BKNG | PUT | TRADE | BEARISH | 04/19/24 | $2450.00 | $70.8K | 2 | 30 |
| BKNG | CALL | TRADE | BEARISH | 01/17/25 | $3500.00 | $60.1K | 30 | 2 |
| BKNG | PUT | TRADE | BULLISH | 01/17/25 | $3100.00 | $57.0K | 43 | 2 |
| BKNG | CALL | TRADE | BEARISH | 01/19/24 | $2800.00 | $38.3K | 25 | 1 |
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.
Having examined the options trading patterns of Booking Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Booking Holdings
- Trading volume stands at 72,843, with BKNG's price down by 0.0%, positioned at $3134.48.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 79 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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