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BKNG

Booking Holdings Inc. Common StClose $192.01EOD only
Max Pain
$176.00
Next expiry Apr 24, 2026
Expected Move
±$6.35
3.3% from close
Price Gap
-16.01
Distance to max pain
IV Rank
100
High premium
P/C OI
0.75
Slightly call-heavy
Consensus
5.5/10
Range bias
Published snapshot: Apr 17, 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 17, 2026 close
BKNG AI Consensus Report
Analysis based on market close April 20, 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 put concentration create a credible short-term magnet, but mixed institutional flow and an upcoming earnings-style binary make the setup unstable — prevents a higher score until event/flow resolves.

Where Perspectives Agree

Short-term pin/managed range with downside bias toward the mid-$170s–$180s driven by dealer gamma and heavy put concentration; market is more conducive to premium-selling and defined-risk bearish structures than outright long directional exposure.

Where They Diverge

Flow signals of institutional buying and unusual aggressive take-downs conflict with the pin/bear bias by implying accumulation that would lift the pin; earnings term-structure and event positioning also conflict with pure premium-selling by creating a binary IV re-pricing risk that could offset theta strategies.

Top Trade
via theta

Sell May 2026 $200/$202 call spread for credit (defined-risk bear call spread), collect credit (~market premium).

Key Risk

A sustained break and close above $199 removes dealer pinning (decisive reclaim) and triggers short-covering/re-rating that would invalidate the bearish/pin thesis — likely lift toward $210+ and collapse the short-premium trade.

How to Use These Reports
This ai consensus reflects the market close on April 20, 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.