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BKNG

Booking Holdings Inc. Common StClose $185.69EOD only
Max Pain
$173.00
Next expiry Apr 17, 2026
Expected Move
±$5.68
3.1% from close
Price Gap
-12.69
Distance to max pain
IV Rank
71
High premium
P/C OI
0.75
Slightly call-heavy
Consensus
5.0/10
Range bias
Published snapshot: Apr 15, 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 15, 2026 close
BKNG AI Consensus Report
Analysis based on market close April 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
5.0

out of 10

Score 5 because dealer gamma and the visible pin provide a clear magnet (supporting trades), but mixed flow (protective put demand), elevated IV into earnings, and the near-term event create symmetric binary risk that keeps conviction squarely mid-range rather than higher.

Where Perspectives Agree

Market is pinned into the $188–$190 cluster by dealer gamma and elevated front-month vol, producing a neutral-to-slight-bull bias into earnings while positioning and short-dated premium make the pin fragile.

Where They Diverge

Flow and net premium placement show institutional/retail protection (put buying and negative net premium) that directly contradicts a confident continuation higher — they imply downside insurance that would accelerate a break below the pin. Theta wants to harvest front-week premium, but earnings-driven high IV and the imminent event window make short-dated selling materially riskier and in direct conflict with simple premium-selling into the magnet.

Top Trade
via theta

Sell Apr 17 $188/$190 call spread for a credit (front-week, expires before earnings) — defined-risk, captures pin premium while limiting gamma exposure.

Key Risk

A break and close below $176 triggers the dealer gamma flip (removing the pin), which would accelerate downside toward roughly $170 within days, spike IV, and invalidate the neutral-to-slight-bull thesis.

Read the AI Analyst Consensus for BKNG for 2026-04-15. This synthesis report combines directional, theta, flow, and earnings perspectives into one conviction view with setup, trigger, and invalidation context.