Booking Holdings's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Big money investors have shown a bearish stance on Booking Holdings (NASDAQ:BKNG), as evidenced by unusual options trading activity. Benzinga's options scanner revealed 21 uncommon trades, with a sentiment split between 42% bullish and 57% bearish. The trades include 7 puts and 14 calls, aiming for a price range of $2000 to $4200 for BKNG over the next three months. The current trading volume and RSI values suggest BKNG may be approaching overbought territory, with its next earnings report due in 23 days.
April 09, 2024 | 8:15 pm
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Unusual options activity with a bearish tilt has been detected in Booking Holdings, with big money aiming for a price range of $2000 to $4200 over the next three months. The stock is currently down by -0.55%, with a trading volume of 151,449 and may be approaching overbought territory.
The bearish sentiment among big money investors, as indicated by the unusual options activity, suggests a potential downside for BKNG in the short term. The anticipation of the next earnings report in 23 days adds to the uncertainty, while the current trading volume and RSI values hint at the stock being possibly overbought, further supporting a negative outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100