Whales with a lot of money to spend have taken a noticeably bearish stance on Booking Holdings.
Looking at options history for Booking Holdings BKNG we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $274,268 and 4, calls, for a total amount of $174,476.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $3600.0 to $4150.0 for Booking Holdings over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $3600.0 to $4150.0 in the last 30 days.
Booking Holdings Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BKNG | PUT | TRADE | BULLISH | 04/19/24 | $73.9 | $68.9 | $68.9 | $3600.00 | $82.6K | 63 | 0 |
| BKNG | PUT | SWEEP | NEUTRAL | 05/17/24 | $270.5 | $255.2 | $262.88 | $3800.00 | $78.5K | 7 | 3 |
| BKNG | CALL | TRADE | BEARISH | 05/17/24 | $160.6 | $155.0 | $155.0 | $3605.00 | $77.5K | 5 | 0 |
| BKNG | PUT | TRADE | BEARISH | 01/17/25 | $644.0 | $619.9 | $635.0 | $4150.00 | $63.5K | 0 | 0 |
| BKNG | PUT | TRADE | BULLISH | 04/12/24 | $107.5 | $94.2 | $99.0 | $3680.00 | $49.5K | 9 | 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.
Present Market Standing of Booking Holdings
- With a trading volume of 6,031, the price of BKNG is down by 0.0%, reaching $3601.9.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 24 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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