Smart Money Is Betting Big In BKNG Options

Investors with a lot of money to spend have taken a bearish stance on Booking Holdings (NASDAQ:BKNG).And retail traders should know.We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BKNG, it often means somebody knows something is about to happen.So how do we know what these investors just did? Today, Benzinga's options scanner spotted 35 uncommon options trades for Booking Holdings.This isn't normal.The overall sentiment of these big-money traders is split between 31% bullish and 40%, bearish.Out of all of the special options we uncovered, 9 are puts, for a total amount of $257,415, and 26 are calls, for a total amount of $1,886,689.What's The Price Target?Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $4000.0 to $6500.0 for Booking Holdings over the last 3 months. Insights into Volume & Open InterestLooking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest ...Full story available on Benzinga.com