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BKNG

Booking Holdings Inc. Common StClose $165.84EOD only

Max Pain

$170.00

Next expiry Jun 12, 2026

Expected Move

±$8.15

4.9% from close

Price Gap

+4.16

Distance to max pain

IV Rank

Low premium

P/C OI

0.85

Slightly call-heavy

Consensus

5.5/10

Bullish tilt

Published snapshot: Jun 5, 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 5, 2026 close

BKNG Flow Report

Analysis based on market close June 8, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 3.1% from MP; +0.5 VIX 19

Watch next session: Monitor spot vs gamma flip; Check unusual call prints follow-through

Flow Summary

Net premium: -$13.4M bearish

P/C volume ratio: 0.74

P/C OI ratio: 0.84

Mixed flow: net premium negative (-$13.3M) but call volume ratio 0.74 and GEX +$5.5M point to bullish pinning. Unusual large call prints on long-dated and weekly expiries. Spot below max pain, VIX 19. Conflicting signals warrant caution.

Notable Prints

BKNG 2027-03-19 $154.80 Call

Vol: 706

OI: 276

Vol/OI: 2.6x

IV: 52.7%

Notional: ~$1.8M

Intent: Long-dated bullish roll or opening

Dual read: Synthetic long or hedge

Read-through: Bullish longer-term view despite near-term weakness

BKNG 2026-06-12 $225.00 Call

Vol: 251

OI: 100

Vol/OI: 2.5x

IV: 103.9%

Notional: ~$2K

Intent: Speculative OTM call buying

Dual read: Closing short or hedging upside risk

Read-through: Near-term bullish speculation, high IV

Institutional Positioning

Call additions: Long-dated ITM call (2027, $154.8) and weekly OTM call ($225).

Put additions: Put OI cluster at $140 (5,247 contracts).

GEX/DEX consistency: GEX +$5.5M, DEX +20.8M bullish; net premium -$13.3M hedged.

OI clusters: Put OI at $140 heavy; call OI at $154.8, $225 low.

Hedging evidence: Net premium negative and put cluster at $140 show downside hedge.

Max pain context: Spot below MP; gamma flip at $140 pins.

Signal vs Noise

~Signal: GEX/DEX bullish, put OI cluster at $140.

~Noise: Weekly $225 call (low OI, high IV).

Key Conclusions

📈Unusual long-dated call buying (2027, $154.8) shows bullish institutional view.

🛡️Heavy put OI at $140 and negative net premium indicate downside hedging.

📌Gamma flip at $140 and pinning regime suggest near-term stability.

How to Use These Reports

This flow reflects the market close on June 8, 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.