Home Options BKNGReports

BKNG

Booking Holdings Inc. Common StClose $181.25EOD only

Max Pain

$170.00

Next expiry Jun 26, 2026

Expected Move

±$5.00

2.8% from close

Price Gap

-11.25

Distance to max pain

IV Rank

Low premium

P/C OI

0.97

Balanced positioning

Consensus

5.0/10

Range bias

Published snapshot: Jun 24, 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 24, 2026 close

BKNG Flow Report

Analysis based on market close June 25, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 4.1% from MP; +0.5 VIX 19

Watch next session: $176 gamma flip; $180 resistance

Flow Summary

Net premium: -$19.6M bearish

P/C volume ratio: 0.79

P/C OI ratio: 0.96

Aggressive long-dated call buying (2.6x OI) signals bullish conviction despite net negative premium. Positive GEX (+$7.4M) and low VIX support pinning near spot. Mixed flow but large prints tilt bias.

Notable Prints

BKNG 2027-03-19 $154.80 Call

Vol: 706

OI: 276

Vol/OI: 2.6x

IV: 54.9%

Notional: ~$1.8M

Intent: Bullish long-term bet

Dual read: Buy-write possible

Read-through: Positive outlook

BKNG 2026-07-24 $210.00 Call

Vol: 1,314

OI: 601

Vol/OI: 2.2x

IV: 55.8%

Notional: ~$326K

Intent: Aggressive call buy

Dual read: Short covering possible

Read-through: Bullish

BKNG 2026-06-26 $180.00 Put

Vol: 508

OI: 268

Vol/OI: 1.9x

IV: 46.4%

Notional: ~$172K

Intent: Protective put

Dual read: Profit-taking

Read-through: Bearish hedge

BKNG 2027-03-19 $164.00 Call

Vol: 156

OI: 100

Vol/OI: 1.6x

IV: 51.2%

Notional: ~$376K

Intent: Mild bullish

Dual read: Spread component

Read-through: Slightly bullish

BKNG 2026-06-26 $177.50 Put

Vol: 203

OI: 134

Vol/OI: 1.5x

IV: 35.6%

Notional: ~$31K

Intent: ATM put activity

Dual read: Hedge or bearish

Read-through: Neutral to bearish

Institutional Positioning

Call additions: LEAP calls (2027 $154.80, 2026 $210) with vol/oi >1.5

Put additions: Near-term puts (2026-06-26 $180, $177.50) added, likely hedging

GEX/DEX consistency: Consistent: +$7.4M GEX, +19.7M shares DEX support bullish pinning

OI clusters: Put OI dense at $176 strike (10.8k, 0.6% below spot); call OI scattered

Hedging evidence: Large LEAP calls and short-dated puts indicate hedging and upside positioning

Max pain context: Spot above MP; gamma positive, pinning expected near $176-$177

Signal vs Noise

~Large LEAP call volume (2027 $154.80) with IV >54% is real bullish signal

~Near-term put volume (2026-06-26) is hedging noise, not directional

~GEX/DEX positive and gamma flip at $176 provide real pinning signal

Key Conclusions

📈Deep OTM LEAP calls signal long-term bullish conviction despite high IV

⚠️High IV and mixed flow warn of caution; near-term puts are hedging

📌Gamma pinning near $176-$177 favors sideways grind into expiry

How to Use These Reports

This flow reflects the market close on June 25, 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.