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BKNG

Booking Holdings Inc. Common StClose $177.05EOD only

Max Pain

$170.00

Next expiry Jun 26, 2026

Expected Move

±$2.38

1.3% from close

Price Gap

-7.05

Distance to max pain

IV Rank

Low premium

P/C OI

0.96

Balanced positioning

Consensus

5.0/10

Range bias

Published snapshot: Jun 25, 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 25, 2026 close

BKNG Flow Report

Analysis based on market close June 26, 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); -1 spot 6.7% from MP; +0.5 VIX 18

Watch next session: $176 support; call volume continuation

Flow Summary

Net premium: -$16.1M bearish

P/C volume ratio: 0.69

P/C OI ratio: 0.96

Despite market weakness, BKNG sees aggressive call buying across near and long-term. Positive gamma and delta support bullish bias. Key level $176.

Notable Prints

BKNG 2026-07-02 $180.00 Call

Vol: 637

OI: 159

Vol/OI: 4.0x

IV: 60.5%

Notional: ~$297K

Intent: Bullish

Dual read: Short squeeze

Read-through: Expect rally

BKNG 2026-07-02 $172.50 Put

Vol: 529

OI: 169

Vol/OI: 3.1x

IV: 44.3%

Notional: ~$29K

Intent: Bearish hedge

Dual read: Put sale

Read-through: Support test

BKNG 2026-07-02 $185.00 Call

Vol: 377

OI: 128

Vol/OI: 3.0x

IV: 39.2%

Notional: ~$64K

Intent: Bullish

Dual read: Position adjusting

Read-through: Upside target

BKNG 2027-03-19 $154.80 Call

Vol: 706

OI: 276

Vol/OI: 2.6x

IV: 49.0%

Notional: ~$1.8M

Intent: Long-term bullish

Dual read: LEAPS

Read-through: Accumulation

BKNG 2026-07-02 $182.50 Call

Vol: 334

OI: 142

Vol/OI: 2.4x

IV: 48.8%

Notional: ~$104K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: July2 180/182.5/185C, July24 210C, 2027/Dec calls

Put additions: Jly2 172.5P; net premium -$16M

GEX/DEX consistency: GEX+10.5M, DEX+19.9M - bullish consistent

OI clusters: Gamma flip ~176; OI 180C(540), 172.5P(169)

Hedging evidence: Put buying at 172.5P hedges downside

Max pain context: Spot 6.7% above MP; gamma pinning

Signal vs Noise

~Large vol/oi on Jly2 180C(4x) signals fresh calls

~Jly24 210C vol 1314 vs OI 601 suggests real flow

~172.5P put vol 3.1x OI indicates hedging

~Net premium negative but call volume dominates - mixed

Key Conclusions

🏦Institutions scaling upside calls yet hedging with puts; gamma positive pin near $176

How to Use These Reports

This flow reflects the market close on June 26, 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.