tickers: BKNG

source: Benzinga

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summary

Deep-pocketed investors Bullish on Booking Holdings: Options Market Signals Significant Move

The sentiment among these heavyweight investors appears divided, with 61% leaning towards a bullish outlook and 38% adopting a bearish stance. Among the noteworthy options activities, 11 are puts amounting to $624,100 and 15 are calls totaling $1,763,410.

Price Target Analysis

Analyzing the Volume and Open Interest in these options contracts suggests that the big players have been eyeing a price window ranging from $3075.0 to $4250.0 for Booking Holdings over the past quarter.

Volume & Open Interest Dynamics

Examining the volume and open interest provides essential insights into stock research, aiding in assessing liquidity and interest levels for Booking Holdings’s options within a strike price range of $3075.0 to $4250.0 over the past month.

Notable Options Tracked:

• BKNG CALL SWEEP (BULLISH)
  • Exp. Date: 01/16/26
  • Strike Price: $3460.00
  • Total Trade Price: $1.0M
  • Open Interest: 51
  • Volume: 15
• BKNG PUT TRADE (BEARISH)
  • Exp. Date: 06/21/24
  • Strike Price: $3620.00
  • Total Trade Price: $141.3K
  • Open Interest: 19
  • Volume: 6

About Booking Holdings

Market Update:

With a trading volume of 97,418 shares, BKNG’s price currently stands at $3485.7, representing a slight decline of 0.0%. The current RSI values suggest a potential oversold condition, and the next earnings report is slated for 52 days from now. Options trading presents higher profit potential but carries increased risk compared to trading the underlying stock. Serious options traders mitigate this risk through continuous education, strategic trade management, and diligent market monitoring. Date: March 11, 2024 | Updated at 12:46 PM | Duration: 3 min