27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Financial giants have made a conspicuous bullish move on Booking Holdings. Our analysis of options history for Booking Holdings (NASDAQ:BKNG) revealed 14 unusual trades.
Delving into the details, we found 64% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $84,000, and 12 were calls, valued at $672,753.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2850.0 and $3800.0 for Booking Holdings, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Booking Holdings stands at 92.1, with a total volume reaching 29.00. 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 $2850.0 to $3800.0, throughout 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 | TRADE | NEUTRAL | 02/16/24 | $3600.00 | $112.7K | 85 | 6 |
| BKNG | CALL | SWEEP | BULLISH | 02/16/24 | $3600.00 | $91.6K | 85 | 17 |
| BKNG | CALL | TRADE | BEARISH | 03/15/24 | $2850.00 | $74.7K | 15 | 3 |
| BKNG | PUT | TRADE | BULLISH | 03/15/24 | $3440.00 | $59.0K | 6 | 0 |
| BKNG | CALL | TRADE | BEARISH | 01/19/24 | $3000.00 | $55.0K | 132 | 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.
Following our analysis of the options activities associated with Booking Holdings, we pivot to a closer look at the company's own performance.
Booking Holdings's Current Market Status
- Trading volume stands at 33,349, with BKNG's price up by 0.38%, positioned at $3549.0.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 58 days.
Professional Analyst Ratings for Booking Holdings
In the last month, 1 experts released ratings on this stock with an average target price of $4000.0.
- An analyst from TD Cowen persists with their Outperform rating on Booking Holdings, maintaining a target price of $4000.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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