Booking Holdings's Options: A Look at What the Big Money is Thinking

Author: Benzinga Insights | May 06, 2024 12:15pm

Whales with a lot of money to spend have taken a noticeably bullish stance on Booking Holdings.

Looking at options history for Booking Holdings (NASDAQ:BKNG) we detected 40 trades.

If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 32% with bearish.

From the overall spotted trades, 17 are puts, for a total amount of $1,067,958 and 23, calls, for a total amount of $2,622,119.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2000.0 to $4250.0 for Booking Holdings over the recent three 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 $2000.0 to $4250.0 in the last 30 days.

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	BULLISH	06/20/25	$554.1	$529.1	$545.0	$3470.00	$1.1M	30	0
BKNG	CALL	TRADE	BULLISH	06/20/25	$545.0	$528.0	$545.0	$3470.00	$163.5K	30	24
BKNG	CALL	TRADE	BULLISH	06/20/25	$545.0	$528.0	$545.0	$3470.00	$163.5K	30	21
BKNG	CALL	TRADE	BULLISH	01/17/25	$1601.0	$1590.8	$1601.0	$2000.00	$160.1K	152	1
BKNG	CALL	TRADE	BULLISH	01/17/25	$1597.0	$1585.1	$1597.0	$2000.00	$159.7K	152	4

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.

Having examined the options trading patterns of Booking Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Booking Holdings's Current Market Status

• With a trading volume of 127,129, the price of BKNG is down by -1.04%, reaching $3540.0.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 87 days from now.

What The Experts Say On Booking Holdings

In the last month, 5 experts released ratings on this stock with an average target price of $3968.8.

• Maintaining their stance, an analyst from DA Davidson continues to hold a Buy rating for Booking Holdings, targeting a price of $4150.
• An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $3850.
• Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Booking Holdings, targeting a price of $4500.
• Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Booking Holdings with a target price of $3494.
• Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $3850.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Booking Holdings options trades with real-time alerts from Benzinga Pro.

Posted In: BKNG