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BKNG

Booking Holdings Inc. Common StClose $164.94EOD only

Max Pain

$170.00

Next expiry Jun 18, 2026

Expected Move

±$6.40

3.9% from close

Price Gap

+5.06

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.83

Slightly call-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Jun 12, 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 12, 2026 close

BKNG Flow Report

Analysis based on market close June 11, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 11, 2026. A newer flow report is available for June 12, 2026.

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Flow Verdict

Confidence:

6.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.9% from MP; +0.5 VIX 19

Watch next session: $222 Put strike; $225 Call strike; Gamma flip near $140; Spot vs MP

Flow Summary

Net premium: -$18.6M bearish

P/C volume ratio: 0.81

P/C OI ratio: 0.83

Mixed flow with negative net premium but positive GEX. Unusual put buying at $222 and far-dated calls. High VIX and pinning regime suggest range-bound action. Key levels: $222 (put strike) and $225 (call strike).

Notable Prints

BKNG 2026-06-18 $222.00 Put

Vol: 566

OI: 200

Vol/OI: 2.8x

IV: 118.0%

Notional: ~$3.5M

Intent: Hedge deep ITM put

Dual read: Bearish directional bet

Read-through: Large holder buying downside protection

BKNG 2027-03-19 $154.80 Call

Vol: 706

OI: 276

Vol/OI: 2.6x

IV: 62.8%

Notional: ~$1.8M

Intent: Long-term bullish

Dual read: Covered call write

Read-through: Bullish LEAP accumulation

BKNG 2026-06-12 $225.00 Call

Vol: 251

OI: 100

Vol/OI: 2.5x

IV: 172.7%

Notional: ~$2K

Intent: Speculative weeklies

Dual read: Short squeeze

Read-through: Lottery ticket

BKNG 2026-06-12 $162.50 Call

Vol: 184

OI: 101

Vol/OI: 1.8x

IV: 69.1%

Notional: ~$20K

Intent: Bullish expiry play

Dual read: Shorting volatility

Read-through: Bet on upward move

Institutional Positioning

Call additions: Long-dated 154.8C (2027); Jun12 225C (high IV), 162.5C

Put additions: Jun18 222P (vol/OI 2.8, IV 118%)

GEX/DEX consistency: GEX +10.5M, DEX +20.5M bullish gamma but net premium -18.6M contradicts

OI clusters: Put OI at 222 (5,264, 14.4% below spot); gamma flip 140

Hedging evidence: 222P likely hedge vs near-term downside

Max pain context: Spot near max pain; regime pinning

Signal vs Noise

~Put at 222 (vol/OI 2.8) is real protective flow

~Long-dated 154.8C signals bullish position

~Jun12 225C with IV 172.7% is lottery noise

~Net premium negative despite GEX positive reflects hedging noise

Key Conclusions

📈Long-dated call at 154.8C (2027) shows institutional bullish conviction

⚠️Put at 222 (Jun18) with high vol/OI signals hedging or bearish bet

📊GEX positive, spot near max pain; pinning likely

How to Use These Reports

This flow reflects the market close on June 11, 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.