thetaOwl
HomeOptionsBKNGReports

BKNG

Booking Holdings Inc. Common StClose $169.82EOD only
Max Pain
$160.00
Next expiry May 29, 2026
Expected Move
±$4.05
2.4% from close
Price Gap
-9.82
Distance to max pain
IV Rank
11
Low premium
P/C OI
0.83
Slightly call-heavy
Consensus
5.5/10
Range bias
Published snapshot: May 28, 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 28, 2026 close
BKNG AI Consensus Report
Analysis based on market close April 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 13, 2026. A newer ai consensus report is available for May 26, 2026.

View latest report
Conviction
5.5

out of 10

5.5 because gamma pinning creates a clear near-term bias, but conviction is capped by a binary earnings window and mixed institutional flow that can quickly flip positioning; alignment across personas supports the pin but event risk and premium-seller vulnerability prevent a higher score.

Where Perspectives Agree

All personas align that dealer gamma is pinning price into the $176–$180 area, creating a short-term magnetic bias toward that strip and making defined-risk, pin-focused trades the highest-probability setups today.

Where They Diverge

Theta and earnings clash: theta wants to monetize elevated premia into the pin (sell credit structures), while the earnings/IV term-structure and mixed flow signal a material post-event IV re-pricing risk that directly undermines aggressive premium-selling; likewise, flow hints of net institutional premium selling contradicts a pure directional bullish unwind after earnings.

Top Trade
via directional

Sell May 1 $176/$170 put spread for a credit (defined-risk, front-month pin play).

Key Risk

A decisive break and close below $173 (trigger: sustained trade < $173 on volume) would flip dealer gamma from pinning to procyclical selling and remove the magnet — consequence: rapid downside acceleration toward the next structural support near $168 and a collapse of short-premium trade viability.

How to Use These Reports
This ai consensus reflects the market close on April 13, 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.