BKNG Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete BKNG options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around BKNG.

Latest Data: 2026-08-17 (EDT)

Max Pain Price

200

Exp: 2026-08-21

Gamma Flip

155.86

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.839

Shows put vs call positioning

IV Skew

-7.25

Put–call IV difference

Max Pain Price Volatility

σ = 120.00

high volatility

Confidence 85%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian

On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 83%

Current DPI is 0.744(bearish). Bearish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2027-01-15 options expiry. 100% confidence

The support levels for BKNG are at 191.49, 176.01, and 109.18, while the resistance levels are at 218.03, 233.51, and 300.34. The pivot point, a key reference price for traders, is at 200.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 1.31% 1-day move.

The expected range for the next 4 days is 193.21 — 213.60 , corresponding to +4.32% / -5.64% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 218.90 (6.90% above spot).

Bearish positioning points to downside pressure toward 185.97 (9.18% below spot).

Options flow strength: 0.77 (0–1 scale). ATM Strike: 205.00, Call: 2.00, Put: 3.35, Straddle Cost: 5.35.

Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 207.48 , with intermediate positioning around 155.86 . The mid-term gamma flip remains near 155.86.