27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
A whale with a lot of money to spend has taken a noticeably bearish stance on Booking Holdings.
Looking at options history for Booking Holdings (NASDAQ:BKNG) we detected 36 strange trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $442,033 and 28, calls, for a total amount of $2,080,754.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1880.0 to $4100.0 for Booking Holdings over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Booking Holdings options trades today is 61.53 with a total volume of 809.00.
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 $1880.0 to $4100.0 over the last 30 days.
Booking Holdings Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BKNG | CALL | SWEEP | BULLISH | 08/18/23 | $2555.00 | $541.8K | 1 | 31 |
| BKNG | CALL | TRADE | BULLISH | 01/17/25 | $3300.00 | $322.4K | 23 | 20 |
| BKNG | PUT | SWEEP | BULLISH | 08/18/23 | $2250.00 | $126.3K | 2 | 36 |
| BKNG | CALL | TRADE | BEARISH | 01/17/25 | $1880.00 | $95.2K | 98 | 2 |
| BKNG | CALL | TRADE | BEARISH | 01/17/25 | $1880.00 | $95.2K | 98 | 0 |
Where Is Booking Holdings Standing Right Now?
- With a volume of 151,316, the price of BKNG is up 2.91% at $2624.19.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 61 days.
What The Experts Say On Booking Holdings:
- Mizuho has decided to maintain their Buy rating on Booking Holdings, which currently sits at a price target of $2950.
- RBC Capital downgraded its action to Outperform with a price target of $2750
- JMP Securities has decided to maintain their Market Outperform rating on Booking Holdings, which currently sits at a price target of $3000.
- DA Davidson has decided to maintain their Neutral rating on Booking Holdings, which currently sits at a price target of $2700.
- Morgan Stanley has decided to maintain their Equal-Weight rating on Booking Holdings, which currently sits at a price target of $2600.
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.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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