Booking Inc. (BKNG)
NASDAQ: BKNG
· Real-Time Price · USD
5452.68
-32.09 (-0.59%)
At close: Aug 15, 2025, 3:59 PM
5459.00
0.12%
After-hours: Aug 15, 2025, 07:28 PM EDT
BKNG Delta Exposure By Expiry
The total Delta Exposure (DEX) for BKNG across all expirations shows 35,277,556.09 net shares that market makers must hedge, with 46,605,692.49 from calls and 11,328,136.4 from puts. The put-call delta ratio of 0.24 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 10,210,975.79 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
BKNG DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 566,490.22 | -679,746.91 | -113,256.69 | 1.20 |
| Aug 29, 25 | 445,684.77 | -418,524.59 | 27,160.18 | 0.94 |
| Sep 5, 25 | 344,299.3 | -158,076.77 | 186,222.53 | 0.46 |
| Sep 12, 25 | 87,474.81 | -58,044.02 | 29,430.79 | 0.66 |
| Sep 19, 25 | 9,285,022.29 | -2,322,258.85 | 6,962,763.44 | 0.25 |
| Sep 26, 25 | 20,682.13 | -48,446.63 | -27,764.5 | 2.34 |
| Oct 17, 25 | 3,624,830.58 | -1,252,528.57 | 2,372,302.01 | 0.35 |
| Nov 21, 25 | 31,820.33 | -4,924.13 | 26,896.2 | 0.15 |
| Dec 19, 25 | 8,039,111.33 | -1,363,559.92 | 6,675,551.41 | 0.17 |
| Jan 16, 26 | 11,963,189.91 | -1,752,214.12 | 10,210,975.79 | 0.15 |
| Mar 20, 26 | 1,693,301.24 | -470,887.42 | 1,222,413.82 | 0.28 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jun 18, 26 | 2,249,610.48 | -577,476.16 | 1,672,134.32 | 0.26 |
| Dec 18, 26 | 2,977,056.22 | -732,784.38 | 2,244,271.84 | 0.25 |
| Jan 15, 27 | 2,505,356.66 | -1,136,675.13 | 1,368,681.53 | 0.45 |
| Jun 17, 27 | 1,437,787.93 | -45,253.71 | 1,392,534.22 | 0.03 |
| Sep 17, 27 | 807,771.09 | -24,478.31 | 783,292.78 | 0.03 |
| Dec 17, 27 | 526,203.2 | -282,256.78 | 243,946.42 | 0.54 |