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BKNG

Booking Holdings Inc. Common StClose $181.12EOD only
Max Pain
$173.00
Next expiry Apr 17, 2026
Expected Move
±$4.05
2.2% from close
Price Gap
-8.12
Distance to max pain
IV Rank
59
Middle-high premium
P/C OI
0.75
Slightly call-heavy
Consensus
5.5/10
Consensus signal
Published snapshot: Apr 14, 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
Apr 14, 2026 close
BKNG AI Consensus Report
Analysis based on market close April 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
5.5

out of 10

5.5 because dealer gamma and short-term mean-reversion mechanics support the pin, but conviction is capped by an earnings event in two weeks and clear protective/institutional downside flow that can override gamma and cause a fast breakdown.

Where Perspectives Agree

Short-term pin into the $180–$185 cluster driven by dealer gamma is the dominant thesis — positioning and options structure favor mean reversion toward that band over the coming week.

Where They Diverge

Earnings-driven IV term structure and concentrated pre-event premium create a binary risk that directly undermines the pin if realized vol re-prices higher; simultaneously, flow signals of put buying and net premium negativity point to asymmetric downside risk that would flip the gamma story into a rapid decline. These two signals (earnings repricing and protective put flow) are incompatible with an uninterrupted, low-vol continuation to the pin.

Top Trade
via theta

Sell 2026-04-24 176/170 put spread for a credit (approx $0.90) — defined-risk bearish-to-neutral income leg that monetizes the pin while limiting tail exposure.

Key Risk

A decisive break and close below $176 on elevated volume (triggers dealer gamma flip) invalidates the pin and would accelerate downside to the $170 support/gap area, nullifying short-premium strategies.

Read the AI Analyst Consensus for BKNG for 2026-04-14. This synthesis report combines directional, theta, flow, and earnings perspectives into one conviction view with setup, trigger, and invalidation context.