Deep-pocketed investors have adopted a bearish approach towards Twilio TWLO, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TWLO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Twilio. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 53% bearish. Among these notable options, 3 are puts, totaling $98,314, and 12 are calls, amounting to $589,449.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $85.0 for Twilio over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Twilio's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Twilio's significant trades, within a strike price range of $45.0 to $85.0, over the past month.
Twilio Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TWLO | CALL | SWEEP | BEARISH | 06/21/24 | $3.05 | $2.98 | $3.0 | $60.00 | $81.6K | 2.1K | 482 |
| TWLO | CALL | SWEEP | BEARISH | 06/21/24 | $3.1 | $3.0 | $3.0 | $60.00 | $69.6K | 2.1K | 1.4K |
| TWLO | CALL | SWEEP | BEARISH | 11/15/24 | $3.8 | $3.65 | $3.65 | $72.50 | $62.0K | 87 | 262 |
| TWLO | CALL | SWEEP | BEARISH | 06/21/24 | $3.1 | $3.0 | $3.0 | $60.00 | $58.8K | 2.1K | 1.6K |
| TWLO | CALL | SWEEP | BULLISH | 06/21/24 | $3.05 | $3.0 | $3.05 | $60.00 | $53.9K | 2.1K | 177 |
About Twilio
Twilio is a cloud-based communications platform-as-a-service company offering communication building blocks that allow for a fully customized customer engagement experience spanning voice, video, chat, and SMS messaging. It does this through various application programming interfaces and prebuilt solution applications aimed at improving customer engagement. The company leverages its Super Network, a global network of carrier relationships, to facilitate high-speed, cost-effective communication.
Having examined the options trading patterns of Twilio, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Twilio
- Currently trading with a volume of 1,416,465, the TWLO's price is up by 0.55%, now at $60.43.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 85 days.
Professional Analyst Ratings for Twilio
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $72.0.
- An analyst from Canaccord Genuity persists with their Buy rating on Twilio, maintaining a target price of $85.
- An analyst from Baird has decided to maintain their Neutral rating on Twilio, which currently sits at a price target of $65.
- Maintaining their stance, an analyst from Bernstein continues to hold a Market Perform rating for Twilio, targeting a price of $68.
- An analyst from Piper Sandler persists with their Overweight rating on Twilio, maintaining a target price of $79.
- An analyst from Macquarie persists with their Neutral rating on Twilio, maintaining a target price of $63.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Twilio with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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