Booking Holdings is a big company that helps people book hotels and flights online. Some rich people think the price of this company's stock will go down, so they are betting money on it happening. This article talks about how we found out about these big bets. Read from source...

- The title is misleading and sensationalized. It should be something like "Some Wealthy Investors Sell Booking Holdings Options" or "Booking Holdings Options Trading Activity".
- The article does not provide any evidence or data to support the claim that these investors have taken a bearish stance on Booking Holdings. There could be many reasons why they sold their options, such as portfolio rebalancing, hedging, profit taking, etc.
- The article assumes that retail traders should care about this activity and follows it with a "should know" statement. This is arrogant and presumptuous, as retail traders may have different objectives, strategies, and preferences than the wealthy investors who sold their options.
- The article does not mention any positive aspects of Booking Holdings or its performance, such as its revenue, earnings, growth, customer satisfaction, etc. It only focuses on the negative implications of the option selling activity. This is a biased and unfair representation of the company and its prospects.

- Buy a put option with a strike price of $1,800 and an expiration date of June 30, 2024. This would give you the right to sell BKNG at that price before the end of the month, which could be beneficial if the stock drops below that level.
- Sell a call option with a strike price of $1,950 and an expiration date of June 30, 2024. This would give you the right to buy BKNG at that price before the end of the month, which could be lucrative if the stock rises above that level.
- Alternatively, you could buy a call spread with a strike price of $1,950 and $2,050, and an expiration date of June 30, 2024. This would involve buying the $1,950 call option and selling the $2,050 call option at the same time. This strategy would limit your risk to the difference between the two strike prices, which is $100 in this case. The potential profit would be unlimited if the stock rises above $1,950, but you would need BKNG to close above $2,050 for the maximum gain to be realized.
- Risk management: It is important to monitor your positions and adjust them as needed based on the market conditions and your personal preferences. You can also use stop-loss orders or other techniques to limit your potential losses in case of an unexpected move in the stock price.