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 20, 2026

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

Conviction
6.5

out of 10

6.5 not 8 because flow conflict and 70d earnings horizon mute conviction; not lower because gamma and call support are clear.

Where Perspectives Agree

Bull pin to $155-160 — dealer gamma supports, unusual call accumulation, and theta-rich premiums reinforce the range.

Where They Diverge

Net premium outflow of -$51.4M contradicts bullish flow — institutional selling vs. gamma pin suggests range-bound rather than strong upside.

Top Trade
via theta

Sell 2026-06-18 $154/$152 put spread for $0.50 credit.

Key Risk

Break below $140 flips dealer gamma long and invalidates pin — downside accelerates to gap fill.

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