Investors with a lot of money to spend have taken a bearish stance on BILL Holdings BILL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BILL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for BILL Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $120,604, and 7 are calls, for a total amount of $322,498.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $120.0 for BILL Holdings, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of BILL Holdings stands at 104.14, with a total volume reaching 762.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in BILL Holdings, situated within the strike price corridor from $60.0 to $120.0, throughout the last 30 days.
BILL Holdings Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BILL | CALL | SWEEP | BEARISH | 04/19/24 | $60.00 | $73.5K | 90 | 152 |
| BILL | CALL | TRADE | BEARISH | 01/16/26 | $120.00 | $66.9K | 78 | 0 |
| BILL | PUT | SWEEP | BULLISH | 03/08/24 | $63.00 | $47.3K | 9 | 223 |
| BILL | CALL | TRADE | BULLISH | 05/17/24 | $60.00 | $45.7K | 270 | 40 |
| BILL | PUT | SWEEP | BULLISH | 03/01/24 | $61.00 | $40.1K | 36 | 0 |
About BILL Holdings
BILL Holdings Inc is a provider of software-as-a-service, cloud-based payments and spend and expense management products, which allow users to automate accounts payable and accounts receivable transactions, enable businesses to easily connect with their suppliers or customers to do business, eliminate expense reports, manage cash flows and improve back office efficiency. Initial Public Offering and Follow-on Offering.
Current Position of BILL Holdings
- With a trading volume of 1,022,812, the price of BILL is down by -0.84%, reaching $62.76.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 66 days from now.
What Analysts Are Saying About BILL Holdings
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $90.0.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $100.
- An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on BILL Holdings, which currently sits at a price target of $70.
- An analyst from JP Morgan persists with their Overweight rating on BILL Holdings, maintaining a target price of $90.
- An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $95.
- Reflecting concerns, an analyst from Piper Sandler lowers its rating to Overweight with a new price target of $95.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest BILL Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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