Deep-pocketed investors have adopted a bearish 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 25 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 36% leaning bullish and 40% bearish. Among these notable options, 11 are puts, totaling $610,775, and 14 are calls, amounting to $1,378,229.
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 $4300.0 for Booking Holdings over the recent three months.
Insights into Volume & Open Interest
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 $2000.0 to $4300.0, over the past month.
Booking Holdings Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BKNG | CALL | SWEEP | BEARISH | 05/17/24 | $662.6 | $642.6 | $642.6 | $2870.00 | $192.7K | 0 | 0 |
| BKNG | CALL | TRADE | BULLISH | 01/17/25 | $1585.0 | $1574.7 | $1585.0 | $2000.00 | $158.5K | 128 | 3 |
| BKNG | CALL | TRADE | BULLISH | 01/17/25 | $1585.0 | $1569.3 | $1585.0 | $2000.00 | $158.5K | 128 | 1 |
| BKNG | CALL | TRADE | BEARISH | 01/17/25 | $1586.0 | $1579.0 | $1579.0 | $2000.00 | $157.9K | 128 | 3 |
| BKNG | CALL | TRADE | BEARISH | 05/03/24 | $67.9 | $61.4 | $61.4 | $3585.00 | $122.8K | 3 | 20 |
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.
Current Position of Booking Holdings
- Currently trading with a volume of 140,929, the BKNG's price is down by -0.18%, now at $3514.8.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 3 days.
What The Experts Say On Booking Holdings
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $4125.0.
- An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $3850.
- An analyst from B. Riley Securities downgraded its action to Buy with a price target of $4400.
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.
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