This Is What Whales Are Betting On Booking Holdings

This Is What Whales Are Betting On 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 52 uncommon options trades for Booking Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 59%, bearish.

Out of all of the special options we uncovered, 38 are puts, for a total amount of $2,199,554, and 14 are calls, for a total amount of $794,822.

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 $1280.0 to $2300.0 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 $1280.0 to $2300.0 in 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 PUT TRADE BULLISH 10/21/22 $1970.00 $365.7K 34 120
BKNG PUT TRADE BULLISH 10/21/22 $1970.00 $179.5K 34 15
BKNG PUT SWEEP BULLISH 10/21/22 $1970.00 $120.3K 34 50
BKNG PUT TRADE BEARISH 10/21/22 $1970.00 $118.7K 34 60
BKNG CALL SWEEP BULLISH 09/23/22 $1860.00 $117.0K 64 30

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BKNG PUT TRADE BULLISH 10/21/22 $1970.00 $365.7K 34 120
BKNG PUT TRADE BULLISH 10/21/22 $1970.00 $179.5K 34 15
BKNG PUT SWEEP BULLISH 10/21/22 $1970.00 $120.3K 34 50
BKNG PUT TRADE BEARISH 10/21/22 $1970.00 $118.7K 34 60
BKNG CALL SWEEP BULLISH 09/23/22 $1860.00 $117.0K 64 30

Where Is Booking Holdings Standing Right Now?

  • With a volume of 176,626, the price of BKNG is down -0.5% at $1893.47.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 43 days.

What The Experts Say On Booking Holdings:

  • DA Davidson has decided to maintain their Neutral rating on Booking Holdings, which currently sits at a price target of $2150.
  • Morgan Stanley has decided to maintain their Equal-Weight 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