thetaOwl

BKNG

Booking Holdings Inc. Common StClose $156.95EOD only
Max Pain
$160.00
Next expiry May 22, 2026
Expected Move
±$4.83
3.1% from close
Price Gap
+3.05
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.85
Slightly call-heavy
Consensus
6.5/10
Consensus signal
Published snapshot: May 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
May 20, 2026 close
BKNG AI Consensus Report
Analysis based on market close May 19, 2026

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

You are viewing an older report from May 19, 2026. A newer ai consensus report is available for May 20, 2026.

View latest report
Conviction
7.0

out of 10

7 not 8 because Theta's bullish trade structure conflicts with bearish consensus; if directional/flow were sole input, conviction would be 8.

Where Perspectives Agree

All personas confirm bearish bias with downside to $144-$149, supported by negative gamma and net put flow.

Where They Diverge

Theta's put credit spread (bullish) contradicts directional and flow bearish bias; direction agreed but structural conflict on trade type.

Top Trade
via directional

Buy 2026-06-05 $150/$145 bear put spread for $2.50 debit.

Key Risk

Break below $140 flips dealer gamma long, stopping downside; break above $170 rallies into call wall, invalidating bearish thesis.

How to Use These Reports
This ai consensus reflects the market close on May 19, 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.