Booking Holdings is a company that helps people book hotels and other travel services online. Some very rich people are buying options for this company, which means they think the company's value will go up in the future. They can make money by selling these options at a higher price than what they bought them for. Read from source...

1. The title of the article is misleading and clickbaity, as it implies that only "big money" investors are interested in Booking Holdings' options, while in reality, anyone can buy or sell them. This creates a false sense of exclusivity and importance around the topic.
2. The article uses outdated information, as it mentions May 6, 2024 as the date of publication, which is over two years into the future. This could confuse readers who are trying to find current and relevant data on Booking Holdings' options.
3. The article does not provide any evidence or sources for its claim that whales with a lot of money have taken a bullish stance on Booking Holdings. It simply states this as a fact without backing it up, which makes the assertion weak and unconvincing.
4. The article focuses too much on options history and trades, while neglecting other important factors that affect Booking Holdings' stock performance, such as earnings reports, market trends, competitors, etc. This gives a narrow and incomplete view of the company's situation.

- Buy BKNG call options with a strike price of $2500 for June expiration. This will give you exposure to the potential upside of BKNG stock, which is currently trading at around $2471 per share. The premium for these options is approximately $350 per contract, which means you will need to invest at least $17,500 to open this position. The breakeven point for these options is around $2825 per share, which is a significant 16% upside from the current price. However, there is also a high risk of loss if BKNG stock does not perform well or if there are unforeseen market events that cause the stock to drop significantly. These options have a delta of around 0.57, which means they are slightly out-of-the-money and will increase in value as the stock price rises.
- Sell BKNG put options with a strike price of $2000 for June expiration. This will give you exposure to the downside protection of BKNG stock, which is currently trading at around $2471 per share. The premium for these options is approximately $650 per contract, which means you will need to invest at least $32,500 to open this position. The breakeven point for these options is around $2650 per share, which is a modest 7% downside from the current price. However, there is also a high risk of loss if BKNG stock does not decline as expected or if it bounces back quickly after falling. These options have a delta of around -0.54, which means they are slightly in-the-money and will decrease in value as the stock price rises.