BKNG Options Chain Analysis

As of previous close (2026-10-16) · OPRA historical data

Spot $163.2 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.80

293k P / 367k C

Put/Call (Volume)

0.73

6k P / 8k C that session

30d ATM IV

45%

annualized implied move

Call wall

$200

15k contracts

Put wall

$160

15k contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Call wall at $200 (15k contracts), 23% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $160 (15k contracts), 2% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.3× 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 2026-11-13. 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
2026-10-23	3k	3k	0.93	2k
2026-10-30	4k	2k	0.46	1k
2026-11-06	4k	963	0.23	2k
2026-11-13	329	1k	3.58	211
2026-11-20	16k	9k	0.59	955
2026-11-27	94	453	4.82	39
2026-12-18	71k	41k	0.57	315
2027-01-15	73k	109k	1.49	763
2027-03-19	24k	28k	1.19	1k
2027-04-16	1k	3k	3.12	87
2027-06-17	26k	22k	0.82	220
2027-09-17	15k	11k	0.71	97
2027-12-17	29k	14k	0.50	10
2028-01-21	28k	16k	0.59	81
2028-12-15	28k	9k	0.33	9
2029-01-19	2k	405	0.17	23

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.