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BKNG

Booking Holdings Inc. Common StClose $207.39EOD only

Max Pain

$195.00

Next expiry Aug 7, 2026

Expected Move

±$4.60

2.2% from close

Price Gap

-12.39

Distance to max pain

IV Rank

Low premium

P/C OI

1.00

Balanced positioning

Consensus

5.0/10

Bullish tilt

Published snapshot: Aug 6, 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

Aug 6, 2026 close

BKNG Flow Report

Analysis based on market close June 23, 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 23, 2026. A newer flow report is available for June 29, 2026.

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Flow Verdict

Confidence:

6.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.6% from MP; +0.5 VIX 19

Watch next session: Net premium direction; Put/call volume ratio; Spot vs gamma flip

Flow Summary

Net premium: -$28.0M bearish

P/C volume ratio: 0.76

P/C OI ratio: 0.98

Mixed options flow with -$28M net premium and put/call volume ratio 0.76 indicates bearish positioning, but positive $1.8M GEX and near-MP spot suggest pinning. Unusual call activity on 7/17 210C and 3/19 155C shows speculative upside bets despite market selloff. High VIX adds uncertainty.

Notable Prints

BKNG 2026-07-17 $210.00 Call

Vol: 2,568

OI: 276

Vol/OI: 9.3x

IV: 45.6%

Notional: ~$51K

Intent: Speculative call buying

Read-through: Bullish bet on large upside move near expiration.

BKNG 2027-03-19 $154.80 Call

Vol: 706

OI: 276

Vol/OI: 2.6x

IV: 55.7%

Notional: ~$1.8M

Intent: Long-term bullish call accumulation

Read-through: Bullish on sustained growth.

BKNG 2026-07-17 $224.00 Put

Vol: 200

OI: 100

Vol/OI: 2.0x

IV: 78.4%

Notional: ~$989K

Intent: Speculative put buying hedging downside

Read-through: Bearish bet expecting significant drop.

BKNG 2027-03-19 $164.00 Call

Vol: 156

OI: 100

Vol/OI: 1.6x

IV: 48.8%

Notional: ~$376K

Intent: Bullish call buying

Read-through: Bullish outlook with long-dated ITM call.

Institutional Positioning

Call additions: Large buying at $210 (9.3x) and $154.80 (2.6x)

Put additions: Modest put at $224 (2.0x)

GEX/DEX consistency: Positive GEX ($1.8M) and DEX (+19.3M) consistent with pinning

OI clusters: Key put OI cluster $140 (5,244)

Hedging evidence: Minimal; small put at $224

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

Signal vs Noise

~$210 call high vol/OI real buying

~Other prints low vol/OI likely noise

~Put activity minor

Key Conclusions

📈Large call buying at $210 and $154.80 suggests bullish bets

📍Gamma pinning near max pain supports range-bound price

How to Use These Reports

This flow reflects the market close on June 23, 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.