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

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Investors with a lot of money to spend have taken a bearish stance on Booking Holdings BKNG.

And retail traders should know.

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

Whether these are institutions or just wealthy individuals, 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 these investors just did?

Today, Benzinga‘s options scanner spotted 10 uncommon options trades for Booking Holdings.

This isn’t normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $125,840, and 7 are calls, for a total amount of $321,838.

What’s The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $3415.0 to $4140.0 for Booking Holdings during the past quarter.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Booking Holdings’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Booking Holdings’s significant trades, within a strike price range of $3415.0 to $4140.0, over the past month.

Booking Holdings 30-Day Option Volume & Interest Snapshot

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Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BKNG CALL TRADE BULLISH 07/19/24 $3900.00 $75.0K 13 10
BKNG CALL TRADE BEARISH 06/20/25 $3700.00 $66.8K 3 1
BKNG PUT TRADE BEARISH 02/23/24 $3650.00 $54.4K 18 0
BKNG CALL SWEEP BEARISH 02/23/24 $3800.00 $44.0K 33 13
BKNG PUT TRADE BEARISH 02/23/24 $4140.00 $41.4K 0 0

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 a number of 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.

After a thorough review of the options trading surrounding Booking Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Booking Holdings

  • With a trading volume of 20,926, the price of BKNG is down by -1.51%, reaching $3732.81.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 9 days from now.

Professional Analyst Ratings for Booking Holdings

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $4022.0.

  • An analyst from Wedbush downgraded its action to Outperform with a price target of $3850.
  • Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on Booking Holdings with a target price of $3610.
  • Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Booking Holdings, targeting a price of $4200.
  • Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for Booking Holdings, targeting a price of $4250.
  • An analyst from Oppenheimer has decided to maintain their Outperform rating on Booking Holdings, which currently sits at a price target of $4200.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Booking Holdings with Benzinga Pro for real-time alerts.

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This post was originally published on this site

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

Loading…
Loading…

Investors with a lot of money to spend have taken a bearish stance on Booking Holdings BKNG.

And retail traders should know.

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

Whether these are institutions or just wealthy individuals, 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 these investors just did?

Today, Benzinga‘s options scanner spotted 10 uncommon options trades for Booking Holdings.

This isn’t normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $125,840, and 7 are calls, for a total amount of $321,838.

What’s The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $3415.0 to $4140.0 for Booking Holdings during the past quarter.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Booking Holdings’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Booking Holdings’s significant trades, within a strike price range of $3415.0 to $4140.0, over the past month.

Booking Holdings 30-Day Option Volume & Interest Snapshot

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Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BKNG CALL TRADE BULLISH 07/19/24 $3900.00 $75.0K 13 10
BKNG CALL TRADE BEARISH 06/20/25 $3700.00 $66.8K 3 1
BKNG PUT TRADE BEARISH 02/23/24 $3650.00 $54.4K 18 0
BKNG CALL SWEEP BEARISH 02/23/24 $3800.00 $44.0K 33 13
BKNG PUT TRADE BEARISH 02/23/24 $4140.00 $41.4K 0 0

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 a number of 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.

After a thorough review of the options trading surrounding Booking Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Booking Holdings

  • With a trading volume of 20,926, the price of BKNG is down by -1.51%, reaching $3732.81.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 9 days from now.

Professional Analyst Ratings for Booking Holdings

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $4022.0.

  • An analyst from Wedbush downgraded its action to Outperform with a price target of $3850.
  • Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on Booking Holdings with a target price of $3610.
  • Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Booking Holdings, targeting a price of $4200.
  • Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for Booking Holdings, targeting a price of $4250.
  • An analyst from Oppenheimer has decided to maintain their Outperform rating on Booking Holdings, which currently sits at a price target of $4200.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Booking Holdings with Benzinga Pro for real-time alerts.

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This post was originally published on this site

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Your email address will not be published. Required fields are marked *