Investors with a lot of money to spend have taken a bearish stance on Booking Holdings 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 21 uncommon options trades for Booking Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $368,150, and 14 are calls, for a total amount of $1,485,354.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2000.0 to $4200.0 for Booking Holdings over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Booking Holdings stands at 110.79, with a total volume reaching 25.00. 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 $2000.0 to $4200.0, throughout the last 30 days.
Booking Holdings Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BKNG | CALL | SWEEP | NEUTRAL | 06/21/24 | $1059.3 | $1042.1 | $1050.7 | $2550.00 | $420.7K | 15 | 4 |
| BKNG | CALL | TRADE | BULLISH | 01/17/25 | $1650.0 | $1639.3 | $1650.0 | $2000.00 | $165.0K | 74 | 1 |
| BKNG | CALL | TRADE | BULLISH | 01/17/25 | $1646.0 | $1635.3 | $1646.0 | $2000.00 | $164.6K | 74 | 3 |
| BKNG | CALL | TRADE | BEARISH | 01/17/25 | $1645.0 | $1640.0 | $1640.0 | $2000.00 | $164.0K | 74 | 2 |
| BKNG | CALL | TRADE | NEUTRAL | 06/21/24 | $1396.8 | $1385.2 | $1392.0 | $2200.00 | $139.2K | 8 | 1 |
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.
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 trading volume of 151,449, the price of BKNG is down by -0.55%, reaching $3581.48.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 23 days from now.
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 |
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