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BKNG

Booking Holdings Inc. Common StClose $192.03EOD only

Max Pain

$176.00

Next expiry Apr 24, 2026

Expected Move

±$6.10

3.2% from close

Price Gap

-16.03

Distance to max pain

IV Rank

Low premium

P/C OI

0.84

Slightly call-heavy

Consensus

5.5/10

Consensus signal

Published snapshot: Apr 20, 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 20, 2026 close

BKNG AI Consensus Report

Analysis based on market close April 21, 2026

Directional Theta Gang Flow Earnings Consensus

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

Conviction

5.5

out of 10

5.5 because positioning and dealer gamma align around a pin, but the high IV/earnings binary risk and materially bearish flow reduce certainty enough to prevent a higher score.

Where Perspectives Agree

Market is pinned in the 177–183 band with dealer long-gamma limiting upside while bearish flows keep rallies capped; overall structure favors range-bound or mildly down outcomes rather than a clean breakout higher.

Where They Diverge

Earnings/term-structure creates a binary event that can blow out IV and produce directional motion inconsistent with the pin/range thesis; that event risk directly undermines premium-selling and defined-range directional bets.

Top Trade

via theta

Sell 2026-05-08 $204/$210 call spread for credit (target ~$0.65–$0.85)

Key Risk

Break below $176 (dealer gamma flip) — triggers rapid dealer hedging unwind and downside acceleration toward the next structural support near $168, invalidating the pin and short-upside thesis.

How to Use These Reports

This ai consensus reflects the market close on April 21, 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.