Booking Holdings Unusual Options Activity For October 30
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Booking Holdings (NASDAQ:BKNG), with 60% of recent trades being bearish. The total amount for puts is $68,425 and for calls is $616,994. Whales have been targeting a price range from $2100.0 to $3000.0 for Booking Holdings over the last 3 months. The current price of BKNG is up 1.75% at $2794.28. HSBC has downgraded its action to Buy with a price target of $3650.
October 30, 2023 | 2:01 pm
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NEGATIVE IMPACT
Bearish stance on Booking Holdings with 60% of recent trades being bearish. Whales targeting price range of $2100-$3000. Current price up 1.75% at $2794.28. HSBC downgraded to Buy with price target of $3650.
The bearish stance taken by a significant investor, along with the high percentage of bearish trades, indicates a potential downward pressure on the stock. However, the HSBC downgrade to Buy with a higher price target suggests some positive sentiment. The current price increase also adds complexity to the situation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100