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BKNG

Booking Holdings Inc. Common StClose $167.49EOD only

Max Pain

$165.00

Next expiry Jun 5, 2026

Expected Move

±$4.05

2.4% from close

Price Gap

-2.49

Distance to max pain

IV Rank

Low premium

P/C OI

0.84

Slightly call-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Jun 4, 2026 close

End-of-day snapshot

This page reflects BKNG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 4, 2026 close

BKNG Flow Report

Analysis based on market close June 5, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

5.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 VIX 22

Watch next session: Monitor further unusual call activity; Check GEX and DEX changes

Flow Summary

Net premium: -$9.3M bearish

P/C volume ratio: 0.79

P/C OI ratio: 0.85

Mixed session amid sharp market decline. BKNG shows positive GEX ($+10M) and DEX (+21.3M shares) with unusual call volume in weekly 165C and 172.5C, suggesting positioning for a bounce. However net premium negative (-$9.3M) indicates hedged selling. High VIX (21.5) adds uncertainty. Neutral-to-bullish pinning likely if spot holds above gamma flip at $140.

Notable Prints

BKNG 2027-03-19 $154.80 Call

Vol: 706

OI: 276

Vol/OI: 2.6x

IV: 57.6%

Notional: ~$1.8M

Intent: Long-term bullish

Dual read: Roll from shorter options

Read-through: LEAPS buying signals confidence

BKNG 2026-06-12 $225.00 Call

Vol: 251

OI: 100

Vol/OI: 2.5x

IV: 82.8%

Notional: ~$2K

Intent: Speculative

Dual read: Squeeze bet

Read-through: High IV risky

BKNG 2026-06-12 $172.50 Call

Vol: 268

OI: 122

Vol/OI: 2.2x

IV: 43.5%

Notional: ~$37K

Intent: Bullish

Dual read: Covering short

Read-through: OTM call buying

BKNG 2026-06-12 $165.00 Call

Vol: 253

OI: 155

Vol/OI: 1.6x

IV: 46.8%

Notional: ~$114K

Intent: Near-term bullish

Dual read: Part of spread

Read-through: ATM call buying

Institutional Positioning

Call additions: Calls added at $154.8 (2027), $225, $172.5, $165 (weekly), high vol/oi ratios.

Put additions: No notable put additions; net premium -$9.3M suggests put buying.

GEX/DEX consistency: GEX +$10M positive, DEX +21.3M shares long; consistent with pinning.

OI clusters: Put OI concentrated at $140 (15.6% below spot); call OI at $154.8, $172.5, $165, $225.

Hedging evidence: Large put OI at $140 and negative net premium indicate downside hedging.

Max pain context: Spot below MP; GEX positive suggests upward pinning pressure.

Signal vs Noise

~High vol/oi call prints are signal of bullish activity.

~Negative net premium contrasts call volume ratio, likely noise from small trades.

~GEX/DEX consistency is real signal; VIX still elevated adds noise.

Key Conclusions

📈Heavy call buying at $154.8 (2027) and weekly $225 indicates long-term bullish bet and short-term momentum.

⚠️Negative net premium (-$9.3M) and high VIX (21.5) warrant caution despite positive GEX.

How to Use These Reports

This flow reflects the market close on June 5, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.