Investors with a lot of money to spend have taken a bearish stance on Booking Holdings BKNG.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BKNG, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Booking Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 10% bullish and 60%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $156,650, and 5 are calls, for a total amount of $299,493.
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 $3900.0 to $4350.0 for Booking Holdings during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Booking Holdings options trades today is 24.71 with a total volume of 10.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Booking Holdings's big money trades within a strike price range of $3900.0 to $4350.0 over the last 30 days.
Booking Holdings Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BKNG | CALL | TRADE | BULLISH | 10/11/24 | $140.0 | $130.3 | $140.0 | $4070.00 | $140.0K | 21 | 0 |
| BKNG | CALL | TRADE | NEUTRAL | 01/17/25 | $305.5 | $285.6 | $294.83 | $4150.00 | $58.9K | 69 | 0 |
| BKNG | CALL | TRADE | BEARISH | 10/11/24 | $223.1 | $213.0 | $213.0 | $4000.00 | $42.6K | 9 | 2 |
| BKNG | PUT | TRADE | BEARISH | 01/16/26 | $413.1 | $334.2 | $385.5 | $4000.00 | $38.5K | 14 | 0 |
| BKNG | PUT | TRADE | BEARISH | 01/17/25 | $296.0 | $283.4 | $296.0 | $4350.00 | $29.6K | 6 | 4 |
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.
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.
Current Position of Booking Holdings
- With a trading volume of 9,439, the price of BKNG is up by 0.32%, reaching $4201.0.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 23 days from now.
Expert Opinions on Booking Holdings
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $3590.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $3590. * Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $3590.
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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