Whales with a lot of money to spend have taken a noticeably bullish stance on Booking Holdings.
Looking at options history for Booking Holdings BKNG we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 69% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $137,300 and 10, calls, for a total amount of $434,007.
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 $2700.0 to $4100.0 for Booking Holdings over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Booking Holdings's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Booking Holdings's whale activity within a strike price range from $2700.0 to $4100.0 in the last 30 days.
Booking Holdings Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BKNG | CALL | TRADE | BULLISH | 04/12/24 | $3515.00 | $80.1K | 15 | 0 |
| BKNG | PUT | TRADE | BEARISH | 06/20/25 | $4100.00 | $74.0K | 3 | 0 |
| BKNG | CALL | TRADE | BULLISH | 06/20/25 | $3510.00 | $52.2K | 1 | 0 |
| BKNG | CALL | TRADE | BEARISH | 04/12/24 | $3445.00 | $46.6K | 21 | 5 |
| BKNG | CALL | TRADE | BEARISH | 03/22/24 | $3435.00 | $45.9K | 17 | 5 |
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.
Booking Holdings's Current Market Status
- With a trading volume of 13,419, the price of BKNG is up by 1.04%, reaching $3449.39.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 45 days from now.
What The Experts Say On Booking Holdings
In the last month, 5 experts released ratings on this stock with an average target price of $4006.0.
- An analyst from Susquehanna has decided to maintain their Positive rating on Booking Holdings, which currently sits at a price target of $4100.
- An analyst from Barclays has decided to maintain their Overweight rating on Booking Holdings, which currently sits at a price target of $3800.
- In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $3850.
- Reflecting concerns, an analyst from Seaport Global lowers its rating to Buy with a new price target of $4380.
- Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Booking Holdings with a target price of $3900.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
