Anyone who has a lot of money to spend has taken a bearish stance booking holdings bkng,
And retail traders should know.
We noticed this today when large positions appeared on the publicly available options history that we track here at Benzinga.
Whether it is some institution or just a wealthy person, we do not know. But when something this big happens with BKNG, it often means that someone knows something is about to happen.
So how do we know what this whale just did?
Today, benzingaK’s Options Scanner found 55 unusual options trades for booking holdings.
this is not normal.
The overall sentiment among these big money traders is split between 41% bullish and 58% bearish.
Of all the special options we found, 20 were puts, for a total amount of $1,276,607, and 35 were calls, for a total amount of $3,862,143.
What is a price target?
Considering the volume and open interest on these contracts, it appears that whales are targeting a price range of $840.0 to $3100.0 for booking holdings over the past 3 months.
Volume and Open Interest Development
A practical way to do due diligence on a stock is by looking at the volume and open interest.
This data can help you track the liquidity and interest for Booking Holdings’ options for a given strike price.
Below, we can see the evolution of call and put volumes and open interest, respectively, for all Booking Holdings’ whale activity within the $840.0 to $3100.0 strike price range over the past 30 days.
Booking Holdings Option Volume and Open Interest over the last 30 days
Largest options seen:
| Sign | put/call | business type | Rate | Exp. date | strike price | net trade value | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| bkng | call | Business | fast | 01/19/24 | $840.00 | $659.1K | 17 | 4 |
| bkng | call | Business | recession | 03/17/23 | $2415.00 | $374.8K | 26 | 155 |
| bkng | call | Business | recession | 01/19/24 | $840.00 | $329.1K | 17 | 6 |
| bkng | Keep | Business | fast | 01/19/24 | $2580.00 | $324.5K | 10 | 23 |
| bkng | call | Business | recession | 01/19/24 | $2580.00 | $273.8K | 57 | 14 |
| Sign | put/call | business type | Rate | Exp. date | strike price | net trade value | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| bkng | call | Business | fast | 01/19/24 | $840.00 | $659.1K | 17 | 4 |
| bkng | call | Business | recession | 03/17/23 | $2415.00 | $374.8K | 26 | 155 |
| bkng | call | Business | recession | 01/19/24 | $840.00 | $329.1K | 17 | 6 |
| bkng | Keep | Business | fast | 01/19/24 | $2580.00 | $324.5K | 10 | 23 |
| bkng | call | Business | recession | 01/19/24 | $2580.00 | $273.8K | 57 | 14 |
Where does Booking Holdings stand now?
- With a volume of 331,865, BKNG price is up 1.0% to $2439.91.
- The RSI indicator is indicating that the underlying stock is currently trading in a neutral position between overbought and oversold.
- The next earnings release is expected in 48 days.
What the experts say on Booking Holdings:
- Morgan Stanley has decided to maintain its equal-weight rating on Booking Holdings, currently with a price target of $2500.
- JP Morgan has maintained an Overweight rating on Booking Holdings, currently with a price target of $2850.
- Mizuho has decided to maintain a Buy rating on Booking Holdings, currently with a price target of $2670.
- Oppenheimer has decided to maintain an outperform rating on Booking Holdings, currently with a price target of $3000.
- Susquehanna has decided to maintain a positive rating on Booking Holdings, currently with a price target of $2900.
Options are a riskier asset than stock trading, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scalping in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest option trades for booking holdings, benzinga pro Provides you with real-time options trade alerts.