What Are Whales Doing With Booking Holdings

What Are Whales Doing With Booking Holdings

 

Someone with a lot of money to spend has taken a bearish stance on Booking Holdings BKNG.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 13 uncommon options trades for Booking Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $67,717, and 11 are calls, for a total amount of $1,233,033.

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 $1320.0 to $2400.0 for Booking Holdings over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Booking Holdings options trades today is 61.44 with a total volume of 149.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Booking Holdings's big money trades within a strike price range of $1320.0 to $2400.0 over the last 30 days.

Booking Holdings Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BKNG CALL TRADE NEUTRAL 10/21/22 $1700.00 $225.0K 28 10
BKNG CALL TRADE NEUTRAL 10/21/22 $1700.00 $223.9K 28 5
BKNG CALL TRADE NEUTRAL 10/21/22 $1700.00 $179.6K 28 14
BKNG CALL TRADE BULLISH 01/19/24 $2250.00 $112.3K 1 3
BKNG CALL SWEEP BULLISH 09/16/22 $2400.00 $93.4K 148 89

Where Is Booking Holdings Standing Right Now?

  • With a volume of 43,921, the price of BKNG is up 0.42% at $2138.68.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 76 days.

What The Experts Say On Booking Holdings:

  • Susquehanna has decided to maintain their Positive rating on Booking Holdings, which currently sits at a price target of $2800.
  • Deutsche Bank has decided to maintain their Buy rating on Booking Holdings, which currently sits at a price target of $2300.
  • UBS has decided to maintain their Buy rating on Booking Holdings, which currently sits at a price target of $2285.
  • Stifel has decided to maintain their Hold rating on Booking Holdings, which currently sits at a price target of $2300.
  • Mizuho has decided to maintain their Buy rating on Booking Holdings, which currently sits at a price target of $2300.

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.

Posted In: BZI-UOAOptionsMarkets