Consumer Discretionary/Travel

BKNG Options Flow

Booking Holdings Inc.

Track BKNG options flow, gamma exposure, and unusual activity in real-time.

Recent BKNG Options Flow

Live institutional order flow from the Options Flow scanner

Time Type Strike Expiry Premium Sentiment
3:52 PM CALL SWEEP $4000 3/21/26 $1,656,800 BULLISH
3:18 PM PUT BLOCK $3900 2/28/26 $1,243,500 BEARISH
2:45 PM CALL SWEEP $3980 4/17/26 $2,268,000 BULLISH
2:12 PM CALL BLOCK $4050 3/21/26 $2,838,000 BULLISH
1:38 PM PUT SWEEP $3950 3/7/26 $1,782,000 BEARISH
12:52 PM CALL BLOCK $4020 4/17/26 $2,673,000 BULLISH
11:28 AM PUT SWEEP $3850 2/28/26 $891,000 NEUTRAL

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BKNG Gamma Exposure Dashboard

Interactive GEX analysis with heatmap, chart, and table views

Showing 15-minute delayed data
Current Price
$3950
Gamma Flip
$3910
-1.0% from spot
Call Wall
$4017
+1.7% from spot
Put Wall
$3870
-2.0% from spot
Net GEX
79.0B
Max +GEX
$4017
10.0B
Max -GEX
$3870
2.0B
Expected Move
$3866 - $4034
±2.1%
Strike2/212/242/283/213/74/18
$40841.2B995.9M820.1M468.6M644.4M292.9M
$40711.3B1.1B937.3M535.6M736.4M334.7M
$40571.6B1.3B1.1B629.3M865.3M393.3M
$40441.9B1.6B1.3B749.8M1.0B468.6M
$40302.2B1.9B1.6B897.1M1.2B560.7M
$40172.7B2.3B1.9B1.1B1.5B669.5M
$40042.5B2.2B1.8B1.0B1.4B636.0M
$39902.4B2.0B1.7B964.1M1.3B602.5M
$39772.2B1.9B1.5B883.7M1.2B552.3M
$39632.0B1.7B1.4B803.4M1.1B502.1M
$39501.7B1.4B1.2B669.5M920.6M418.4M
$39371.3B1.1B890.4M508.8M699.6M318.0M
$3923803.4M682.9M562.4M321.4M441.9M200.8M
$3910334.7M284.5M234.3M133.9M184.1M83.7M
$3896-133.9M-113.8M-93.7M-53.6M-73.6M-33.5M
$3883-535.6M-455.3M-374.9M-214.2M-294.6M-133.9M
$3870-535.6M-455.3M-374.9M-214.2M-294.6M-133.9M
$3856-502.1M-426.8M-351.5M-200.8M-276.2M-125.5M
$3843-468.6M-398.3M-328.1M-187.5M-257.8M-117.2M
$3829-502.1M-426.8M-351.5M-200.8M-276.2M-125.5M
$3816-401.7M-341.4M-281.2M-160.7M-220.9M-100.4M

BKNG Options Market Statistics

Key metrics for Booking Holdings Inc.

Avg Daily Volume
180K
Avg Premium
$1.8B
Put/Call Ratio
0.94
Avg IV
28%
Market Cap
$150B
Avg Spread
$0.08

About BKNG Options

Booking Holdings operates online travel platforms (Booking.com, Priceline, Kayak) with global hotel and flight booking exposure. Options flow in BKNG reveals positioning around travel demand, international tourism recovery, and consumer discretionary spending. BKNG is a reopening trade and consumer confidence proxy.

Reading BKNG Options Flow

BKNG flow concentrates around earnings and travel industry data releases. Watch for call sweeps after strong international travel indicators or hotel occupancy data. The stock's high price means premiums are expensive - flow is exclusively institutional. Put buying typically reflects recession concerns, not BKNG-specific issues.

BKNG Gamma Exposure Insights

BKNG gamma exposure exhibits extremely wide strike spacing ($100+ intervals) due to the very high stock price. GEX walls at round hundreds ($3900, $4000) create strong levels that rarely break. The stock's low volatility and consistent growth keep dealers long gamma. When BKNG GEX flips negative, it signals consumer discretionary concerns.

Related Concepts

Learn more about the key terms for BKNG options trading

Frequently Asked Questions

BKNG options flow tracks institutional positioning in Booking Holdings options, driven by travel demand trends, international tourism recovery, and consumer discretionary spending. BKNG's high stock price means flow is purely institutional - signals are clean.

BKNG GEX reveals dealer positioning and travel sentiment. Positive GEX at wide strike intervals ($100+) creates stability. The stock's low volatility keeps dealers long gamma consistently. GEX flips are rare but signal changing consumer discretionary or international travel expectations.

Unusual BKNG activity is rare but meaningful when it occurs. Large call sweeps ahead of earnings signal bullish positioning on travel demand. Put blocks during rallies reflect recession hedging or consumer spending concerns. BKNG flow is more about macro than single-name dynamics.

BKNG has never split its stock, leading to a very high per-share price. The company's dominant position in European online travel, strong cash flow, and consistent buybacks support the valuation. High stock price creates wide option strike spacing and reduces retail participation.

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