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BKNG

Booking Holdings Inc. Common StClose $193.24EOD only

Max Pain

$182.50

Next expiry Jul 31, 2026

Expected Move

±$4.90

2.5% from close

Price Gap

-10.74

Distance to max pain

IV Rank

Low premium

P/C OI

0.97

Balanced positioning

Consensus

5.0/10

Bullish tilt

Published snapshot: Jul 30, 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

Jul 30, 2026 close

BKNG Flow Report

Analysis based on market close June 15, 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 15, 2026. A newer flow report is available for June 29, 2026.

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Flow Verdict

Confidence:

6 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 VIX 16

Watch next session: gamma flip 172; put/call volume ratio

Flow Summary

Net premium: -$7.0M bearish

P/C volume ratio: 0.91

P/C OI ratio: 0.82

Net premium negative but positive GEX and DEX, plus large 2027 call buys, favor upside. Unusual puts hedge risk; regime pins spot.

Notable Prints

BKNG 2026-07-17 $152.00 Put

Vol: 1,020

OI: 392

Vol/OI: 2.6x

IV: 42.4%

Notional: ~$102K

Intent: Protective put or bearish speculation

Dual read: Hedging vs directional bet

Read-through: Bearish sentiment

BKNG 2027-03-19 $154.80 Call

Vol: 706

OI: 276

Vol/OI: 2.6x

IV: 59.8%

Notional: ~$1.8M

Intent: Long-dated bullish call

Dual read: Long call or short hedge

Read-through: Bullish

BKNG 2026-08-21 $155.00 Put

Vol: 797

OI: 318

Vol/OI: 2.5x

IV: 43.0%

Notional: ~$374K

Intent: Bearish put or hedge

Dual read: Protection vs speculation

Read-through: Bearish

BKNG 2027-03-19 $164.00 Call

Vol: 156

OI: 100

Vol/OI: 1.6x

IV: 58.0%

Notional: ~$376K

Intent: Bullish long call

Dual read: Directional or spread leg

Read-through: Bullish

BKNG 2026-07-17 $224.00 Put

Vol: 150

OI: 100

Vol/OI: 1.5x

IV: 80.4%

Notional: ~$915K

Intent: Protective put on high IV

Dual read: Hedge against sharp drop

Read-through: Bearish hedge

Institutional Positioning

Call additions: Large call buys at $154.80 and $164 strikes (2027)

Put additions: Put additions at $152 and $155 (Jul/Aug 2026)

GEX/DEX consistency: Consistent: GEX +$28.3M, DEX +21.2M shares, gamma pinning

OI clusters: Put OI concentration at $172 (gamma flip) and $152-$155

Hedging evidence: Downside puts at $152 and $155 indicate hedging

Max pain context: Spot above MP, pinning near $172 gamma flip

Signal vs Noise

~Unusual put and call prints with vol/oi ratios >2.5 are signal

~Broad market rallies (SPY +1.76%, QQQ +3.14%) are noise for BKNG

Key Conclusions

🟢Institutions adding long calls (2027) despite mixed flow; bullish skew with hedging

⚠️Put additions at $152-$155 show downside protection; gamma pin near $172

How to Use These Reports

This flow reflects the market close on June 15, 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.