Financial giants have made a conspicuous bearish move on Booking Holdings. Our analysis of options history for Booking Holdings BKNG revealed 44 unusual trades.
Delving into the details, we found 22% of traders were bullish, while 59% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $534,854, and 33 were calls, valued at $6,801,996.
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 $2800.0 to $5000.0 for Booking Holdings during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $2800.0 to $5000.0 in the last 30 days.
Booking Holdings 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BKNG | CALL | SWEEP | BEARISH | 12/18/26 | $812.4 | $812.0 | $812.0 | $3600.00 | $4.1M | 0 | 57 |
| BKNG | CALL | SWEEP | BEARISH | 12/18/26 | $812.6 | $803.0 | $803.0 | $3600.00 | $401.5K | 0 | 5 |
| BKNG | CALL | TRADE | BULLISH | 08/23/24 | $74.5 | $56.4 | $74.2 | $3570.00 | $371.0K | 1 | 0 |
| BKNG | CALL | SWEEP | BULLISH | 01/17/25 | $49.0 | $38.6 | $49.0 | $4350.00 | $210.7K | 349 | 75 |
| BKNG | CALL | TRADE | BEARISH | 01/17/25 | $850.2 | $844.5 | $844.5 | $2800.00 | $168.9K | 360 | 16 |
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 several 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
Where Is Booking Holdings Standing Right Now?
- With a trading volume of 108,937, the price of BKNG is up by 0.15%, reaching $3573.16.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 78 days from now.
What Analysts Are Saying About Booking Holdings
5 market experts have recently issued ratings for this stock, with a consensus target price of $4193.0.
- An analyst from JP Morgan persists with their Overweight rating on Booking Holdings, maintaining a target price of $3860.
- An analyst from Deutsche Bank persists with their Buy rating on Booking Holdings, maintaining a target price of $4105.
- An analyst from Wedbush has decided to maintain their Outperform rating on Booking Holdings, which currently sits at a price target of $4200.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Booking Holdings, targeting a price of $4200.
- Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Booking Holdings with a target price of $4600.
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.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
