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BKNG

Booking Holdings Inc. Common StClose $181.46EOD only

Max Pain

$170.00

Next expiry Jul 2, 2026

Expected Move

±$3.55

2.0% from close

Price Gap

-11.46

Distance to max pain

IV Rank

Low premium

P/C OI

0.96

Balanced positioning

Consensus

5.0/10

Bullish tilt

Published snapshot: Jun 26, 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 26, 2026 close

BKNG Flow Report

Analysis based on market close June 29, 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); -1 spot 5.7% from MP; +1 VIX 18

Watch next session: gamma flip 176; $155-$164 call OI

Flow Summary

Net premium: -$22.1M bearish

P/C volume ratio: 1.16

P/C OI ratio: 0.96

BKNG sees heavy call accumulation across expirations despite net negative premium. Positive gamma pinning supports near-term upside. Mixed flow but call volume dominance suggests bullish lean. Key level: gamma flip at $176.

Notable Prints

BKNG 2027-03-19 $154.80 Call

Vol: 706

OI: 276

Vol/OI: 2.6x

IV: 48.0%

Notional: ~$1.8M

Intent: Bullish opening deep ITM call

Dual read: Roll or hedge

Read-through: Expects stock above 154.80

BKNG 2026-07-24 $210.00 Call

Vol: 1,314

OI: 601

Vol/OI: 2.2x

IV: 62.4%

Notional: ~$326K

Intent: Speculative OTM call

Dual read: Short call or lottery

Read-through: Potential spike bet

BKNG 2026-12-18 $155.00 Call

Vol: 301

OI: 158

Vol/OI: 1.9x

IV: 50.1%

Notional: ~$1.1M

Intent: Bullish ITM call opening

Read-through: Long-term bullish

BKNG 2026-07-24 $160.00 Put

Vol: 326

OI: 192

Vol/OI: 1.7x

IV: 54.2%

Notional: ~$53K

Intent: Bearish put or hedge

Dual read: Possible collar

Read-through: Expects price below 160

BKNG 2027-03-19 $164.00 Call

Vol: 156

OI: 100

Vol/OI: 1.6x

IV: 49.2%

Notional: ~$376K

Intent: Bullish ITM call

Read-through: Long bullish view

Institutional Positioning

Call additions: Deep ITM calls added at 155-164 and OTM calls at 210

Put additions: Put additions at 160 (below spot)

GEX/DEX consistency: GEX+ and DEX+ but net premium negative; flow mixed

OI clusters: Large put OI at 176 (~10.8k); call OI spread across strikes

Hedging evidence: Puts at 160 suggest hedging of long call positions

Max pain context: Spot above MP; gamma flip at 176 may pin near that level

Signal vs Noise

~Deep ITM call accumulation is real signal of institutional bullish bias

~Net negative premium is noise from hedging activity

~Put wall at 176 is key resistance level

Key Conclusions

📉Call accumulation at 155-164 and 210 signals bullish positioning despite net put volume.

🛡️Put additions at 160 and large put OI at 176 indicate hedging, not bearish bet.

🔒Gamma pinning near 176 likely; spot 5.7% above MP suggests potential mean reversion.

How to Use These Reports

This flow reflects the market close on June 29, 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.