This Is What Whales Are Betting On Booking Holdings
Portfolio Pulse from Benzinga Insights
Options trading activity for Booking Holdings (NASDAQ:BKNG) indicates a bearish sentiment among financial whales, with 65% of the unusual trades being bearish. Analysis of 35 trades revealed a price target range of $1880 to $4100 over the next three months. The largest options spotted include bearish calls and neutral to bullish puts with various expiration dates and strike prices. Booking Holdings, a major online travel agency, is currently trading at $3125.7 with a volume of 142,380 and may be overbought according to RSI readings. The next earnings release is expected in 83 days.
December 01, 2023 | 8:45 pm
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Bearish options trading activity suggests that investors are expecting a potential downside in Booking Holdings' stock price in the short term. The company's stock may be overbought, and the next earnings report is in 83 days.
The bearish sentiment among significant investors, as evidenced by the options trading activity, suggests a negative outlook for BKNG's stock price in the short term. The RSI indication of being overbought supports this view. However, the actual impact will depend on the company's performance and market conditions leading up to the earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100