BKNG Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $158.89 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.83

292k P / 354k C

Put/Call (Volume)

1.54

18k P / 11k C that session

30d ATM IV

44%

annualized implied move

Call wall

$162.4

15k contracts

Put wall

$140

10k contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Call wall at $162.4 (15k contracts), 2% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $140 (10k contracts), 12% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 4.1× deep-OTM put OI — speculative upside positioning dominates the tails.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	3k	4k	1.41	2k
2026-10-16	37k	24k	0.63	2k
2026-10-23	2k	2k	1.26	120
2026-10-30	2k	1k	0.47	921
2026-11-06	452	253	0.56	161
2026-11-13	9	9	1.00	96
2026-11-20	13k	7k	0.51	2k
2026-12-18	73k	42k	0.58	3k
2027-01-15	72k	112k	1.55	11k
2027-03-19	22k	27k	1.22	2k
2027-04-16	938	2k	1.76	78
2027-06-17	26k	20k	0.79	1k
2027-09-17	15k	10k	0.67	67
2027-12-17	28k	14k	0.50	608
2028-01-21	27k	15k	0.57	151
2028-12-15	27k	8k	0.31	280
2029-01-19	2k	286	0.15	57

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.