Deep-pocketed investors have taken a bearish approach to Booking Holdings BKNG, and it is something that market participants should not ignore. Our tracking of public options records at Benzinga revealed this significant move today. The identity of these investors remains unknown, but such substantial movement in BKNG usually suggests that something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 109 outstanding options activity for Booking Holdings. This level of activity is out of the ordinary.
The general mood among these large investors is divided, with 46% bullish and 53% bearish. Among these notable options, 36 are puts, totaling $1,733,563, and 73 are calls, totaling $6,755,801.
What is the target price?
Taking into account the volume and open interest on these contracts, it appears that whales have been targeting a price range between $1,740.0 and $5,100.0 for booking holdings over the past 3 months.
Trends in volumes and open interests
Evaluating volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Booking Holdings options at specific strike prices. Upcoming data shows the fluctuation in volume and open interest for both calls and puts, related to Booking Holdings’ substantial trades, within a strike price spectrum of $1,740.0 to $5,100.0 in the previous 30 days.
Call and put volume of reservation holdings: 30-day overview
Major options identified:
| Symbol | PUT/CALL | Type of trade | Feeling | Exp. Date | Strike price | Total commercial price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BKNG | CALL | SWEEP | BULLISH | 01/17/25 | $4500.00 | $383.6K | 309 | 21 |
| BKNG | CALL | SWEEP | BULLISH | 03/15/24 | $3200.00 | $355.0K | 60 | 6 |
| BKNG | CALL | TRADE | BULLISH | 04/19/24 | $2750.00 | $236.0K | 30 | 2 |
| BKNG | CALL | TRADE | NEUTRAL | 01/17/25 | $3800.00 | $232.4K | 181 | 5 |
| BKNG | PUT | TRADE | NEUTRAL | 02/23/24 | $4060.00 | $166.5K | 0 | 12 |
Information on booking participations
Booking is the world’s largest online travel agency by sales, offering reservation and payment services for hotel rooms and alternative accommodations, 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 the travel media industry with the acquisition of Kayak and Momondo. Transaction fees for online bookings account for the majority of revenue and profits.
After examining Booking Holdings’ options trading models, our attention now turns directly to the company. This move allows us to delve deeper into its current market position and performance
Current state of the Booking Holdings market
- Trading volume stands at 250,511, with BKNG price up 4.61%, positioned at $3913.76.
- RSI indicators show that the stock may be overbought.
- Earnings announcement expected in 0 days.
Options trading has higher risks and potential rewards. Smart traders manage these risks by continuously educating themselves, adapting their strategies, monitoring multiple indicators and keeping an eye on market movements. Stay informed on the latest Booking Holdings options trades with real-time alerts from Benzinga Pro.