Deep-pocketed investors have adopted a bullish 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 26 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 61% leaning bullish and 38% bearish. Among these notable options, 11 are puts, totaling $624,100, and 15 are calls, amounting to $1,763,410.
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 $3075.0 to $4250.0 for Booking Holdings during the past quarter.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Booking Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Booking Holdings's significant trades, within a strike price range of $3075.0 to $4250.0, over the past month.
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 | 01/16/26 | $3460.00 | $1.0M | 51 | 15 |
| BKNG | PUT | TRADE | BEARISH | 06/21/24 | $3620.00 | $141.3K | 19 | 6 |
| BKNG | PUT | TRADE | BULLISH | 06/21/24 | $3610.00 | $133.0K | 20 | 6 |
| BKNG | CALL | SWEEP | BULLISH | 04/12/24 | $3515.00 | $116.0K | 0 | 10 |
| BKNG | CALL | TRADE | BULLISH | 06/20/25 | $3600.00 | $104.0K | 13 | 2 |
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.
Present Market Standing of Booking Holdings
- With a trading volume of 97,418, the price of BKNG is down by 0.0%, reaching $3485.7.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 52 days from now.
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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