Investors with a lot of money to spend have taken a bearish stance on Booking Holdings (NASDAQ: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 12 uncommon options trades for Booking Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 41% bullish and 58%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $169,020, and 7 are calls, for a total amount of $1,450,860.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $3000.0 and $3750.0 for Booking Holdings, spanning the last three months.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Booking Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Booking Holdings's substantial trades, within a strike price spectrum from $3000.0 to $3750.0 over the preceding 30 days.

Booking Holdings Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About Booking Holdings

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 volume of 32,251, the price of BKNG is down 0.0% at $3502.74.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 51 days.

What The Experts Say On Booking Holdings

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $3930.0.

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.