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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 10, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

4.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 4.1% from MP

Watch next session: 140 level

Flow Summary

Net premium: -$14.9M bearish

P/C volume ratio: 0.72

P/C OI ratio: 0.83

Mixed flow: net negative premium but call-heavy volume & unusual prints (long-dated deep ITM & short OTM). GEX positive pinning; spot below MP. Market down, VIX elevated. Wait for direction confirmation at gamma flip.

Notable Prints

BKNG 2027-03-19 $154.80 Call

Vol: 706

OI: 276

Vol/OI: 2.6x

IV: 55.2%

Notional: ~$1.8M

Intent: Opening bullish position, possibly hedging upside risk

Dual read: Or closing short call or buy-write unwind

Read-through: Strongly bullish sentiment on long-term prospects

BKNG 2026-06-12 $225.00 Call

Vol: 251

OI: 100

Vol/OI: 2.5x

IV: 148.4%

Notional: ~$2K

Intent: Speculative lottery ticket ahead of earnings or event

Dual read: Or closing out existing long call position

Read-through: High-risk bet on massive short-term spike

Institutional Positioning

Call additions: 2027 Mar $154.80 call 2.6x OI; weekly $225 call 2.5x OI

Put additions: OI conc. at $140 (12.8% below spot) suggests put accumulation

GEX/DEX consistency: GEX +5.6M, DEX +20.7M, net premium -14.9M: mixed

OI clusters: Gamma flip $140 with 5,259 put OI

Hedging evidence: Put OI at $140 may hedge downside

Max pain context: Spot 4.1% below MP, high vol, gamma pinning: upside bias but net premium negative reduces conviction

Signal vs Noise

~Long-dated call buying ($154.80) signals bullish structural bet

~Weekly $225 call small vol likely noise

~GEX/DEX positive but net premium negative: mixed flow

Key Conclusions

⚡Institutions adding long-dated calls at $154.80, expecting upside

🔒Put OI at $140 provides downside hedge, spot far above

📊GEX/DEX pinning near $160, but net premium negative reduces conviction

How to Use These Reports

This flow reflects the market close on June 10, 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.