thetaOwl

BKNG

Booking Holdings Inc. Common StClose $159.68EOD only
Max Pain
$160.00
Next expiry May 22, 2026
Expected Move
±$3.27
2.0% from close
Price Gap
+0.32
Distance to max pain
IV Rank
13
Low premium
P/C OI
0.84
Slightly call-heavy
Consensus
6.5/10
Bearish tilt
Published snapshot: May 21, 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
May 21, 2026 close
BKNG AI Consensus Report
Analysis based on market close April 2, 2026

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

You are viewing an older report from April 2, 2026. A newer ai consensus report is available for May 21, 2026.

View latest report
Conviction
3.5

out of 10

3.5 not higher because low OI severely weakens the pinning force, and the conflict between GEX and flow signals creates uncertainty, with earnings volatility adding binary risk.

Where Perspectives Agree

Neutral pinning around $4250-$4300 with upward drift bias, supported by positive GEX and spot below max pain, but low OI reduces signal reliability.

Where They Diverge

Flow shows net bearish premium flow of -$48.2M, contradicting the positive GEX pinning thesis and suggesting institutional selling pressure undermines the upward drift.

Top Trade
via theta

Sell Apr 17 $4250 covered call against existing shares for premium income — defined risk, profits from pinning and theta decay.

Key Risk

Break below $4100 removes put OI support, flips gamma regime, and triggers downside acceleration, invalidating the pinning thesis and risking a drop to lower supports.

How to Use These Reports
This ai consensus reflects the market close on April 2, 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.