Booking Holdings Put Write After 25-for-1 Split
BKNG completed a 25-for-1 stock split. Price dropped from over $4,000 to about $170. Stock trades at 171.26 now.
Motley Fool calls BKNG undervalued despite AI fears. KAYAK launched airfare trends dashboard.
Here is the put write: SELL -1 BKNG 01 May 26 155.2 PUT Contract @4.6 LMT
Trade stats: IV 49.3. Delta -0.25. Theta -0.25. Max Return 2.97%.
Stock closes above 155.2 on May 1. Keep the 4.6 premium.
Stock closes below 155.2. Keep premium. Assigned 100 shares at 155.2. Cost basis 150.6.
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