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BKNG

Booking Holdings Inc. Common StClose $163.99EOD only

Max Pain

$167.50

Next expiry Jun 12, 2026

Expected Move

±$5.85

3.6% from close

Price Gap

+3.51

Distance to max pain

IV Rank

Low premium

P/C OI

0.84

Slightly call-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Jun 9, 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 9, 2026 close

BKNG Flow Report

Analysis based on market close June 9, 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 20

Watch next session: gamma flip $140; unusual call prints

Flow Summary

Net premium: -$12.0M bearish

P/C volume ratio: 0.69

P/C OI ratio: 0.84

Heavy call buying (June 26 $175, 2027 $154.8) signals bullish bet. Positive GEX/DEX support upside, but high vol and VIX near 20 warrant caution. Net premium negative reflects mixed flow.

Notable Prints

BKNG 2026-06-26 $175.00 Call

Vol: 532

OI: 161

Vol/OI: 3.3x

IV: 41.8%

Notional: ~$106K

Intent: Bearish speculation or hedge

Dual read: Could be bullish breakout bet

Read-through: Mixed, high IV suggests uncertainty

BKNG 2027-03-19 $154.80 Call

Vol: 706

OI: 276

Vol/OI: 2.6x

IV: 61.4%

Notional: ~$1.8M

Intent: Bullish directional long-dated

Dual read: Hedging or synthetic long

Read-through: Positive long-term view

BKNG 2026-06-12 $225.00 Call

Vol: 251

OI: 100

Vol/OI: 2.5x

IV: 121.1%

Notional: ~$2K

Intent: Speculative lotto or tail risk hedge

Dual read: Hedging short gamma

Read-through: Low probability, high risk

BKNG 2026-06-26 $165.00 Put

Vol: 192

OI: 112

Vol/OI: 1.7x

IV: 49.3%

Notional: ~$121K

Intent: Bearish put buying or hedge

Dual read: Part of spread

Read-through: Protective or directional bearish

Institutional Positioning

Call additions: Notable call buying on 6/26 $175C, 3/19/27 $154.8C, 6/12 $225C

Put additions: Small put addition on 6/26 $165P; overall put OI elevated

GEX/DEX consistency: GEX $+10.4M, DEX +20.8M shares consistent with long gamma/dealer positioning

OI clusters: Heavy put OI at $145 area (gamma flip $140); call OI scattered distant

Hedging evidence: Long-dated LEAPS call (2027) + short-term put collar

Max pain context: Spot below MP; positive gamma may pin price near $140-145

Signal vs Noise

~Unusual call prints at 175 and 154.8 are real accumulation with high vol/oi

~Net premium negative likely noise from off-screen put flow

~Volume+OI ratios on calls >2.5 confirm active buying

Key Conclusions

📈Institutions accumulating long-dated calls (2027) signaling bullish outlook

⚠️Put OI concentration at gamma flip suggests hedge but not bearish

How to Use These Reports

This flow reflects the market close on June 9, 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.