Financial giants have made a conspicuous bullish move on BILL Holdings. Our analysis of options history for BILL Holdings BILL revealed 19 unusual trades.
Delving into the details, we found 47% of traders were bullish, while 42% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $887,948, and 4 were calls, valued at $283,515.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $70.0 for BILL Holdings over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for BILL Holdings's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of BILL Holdings's whale trades within a strike price range from $40.0 to $70.0 in the last 30 days.
BILL Holdings Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BILL | PUT | SWEEP | BEARISH | 06/21/24 | $1.2 | $1.15 | $1.2 | $45.00 | $232.7K | 6.5K | 5.1K |
| BILL | CALL | TRADE | BEARISH | 06/21/24 | $3.9 | $3.8 | $3.8 | $70.00 | $189.6K | 779 | 500 |
| BILL | PUT | SWEEP | BEARISH | 06/21/24 | $1.1 | $1.05 | $1.05 | $45.00 | $119.9K | 6.5K | 1.9K |
| BILL | PUT | SWEEP | BEARISH | 06/21/24 | $1.1 | $1.0 | $1.1 | $45.00 | $74.9K | 6.5K | 2.6K |
| BILL | PUT | SWEEP | BEARISH | 06/21/24 | $1.05 | $1.0 | $1.0 | $45.00 | $54.8K | 6.5K | 548 |
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.
After a thorough review of the options trading surrounding BILL Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
BILL Holdings's Current Market Status
- With a volume of 1,805,379, the price of BILL is up 1.07% at $61.26.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 9 days.
Expert Opinions on BILL Holdings
In the last month, 3 experts released ratings on this stock with an average target price of $70.33333333333333.
- Maintaining their stance, an analyst from Baird continues to hold a Neutral rating for BILL Holdings, targeting a price of $74.
- In a cautious move, an analyst from Wells Fargo downgraded its rating to Underweight, setting a price target of $60.
- An analyst from Piper Sandler has decided to maintain their Overweight rating on BILL Holdings, which currently sits at a price target of $77.
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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