27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Someone with a lot of money to spend has taken a bullish stance on Twilio (NYSE:TWLO).
And retail traders should know.
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We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with TWLO, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 25 uncommon options trades for Twilio.
This isn't normal.
The overall sentiment of these big-money traders is split between 52% bullish and 48%, bearish.
Out of all of the special options we uncovered, 18 are puts, for a total amount of $1,604,397, and 7 are calls, for a total amount of $540,470.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $340.0 for Twilio over the last 3 months.
Volume & Open Interest Development
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Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Twilio'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 Twilio's whale activity within a strike price range from $75.0 to $340.0 in the last 30 days.
Twilio Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TWLO | PUT | TRADE | BULLISH | 01/20/23 | $340.00 | $684.9K | 80 | 30 |
| TWLO | CALL | TRADE | NEUTRAL | 01/19/24 | $100.00 | $197.5K | 96 | 52 |
| TWLO | PUT | TRADE | BULLISH | 06/17/22 | $145.00 | $118.0K | 333 | 33 |
| TWLO | CALL | TRADE | BEARISH | 01/20/23 | $140.00 | $117.7K | 346 | 75 |
| TWLO | PUT | SWEEP | BULLISH | 10/21/22 | $90.00 | $112.0K | 385 | 116 |
Where Is Twilio Standing Right Now?
- With a volume of 2,285,299, the price of TWLO is up 13.43% at $112.55.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 76 days.
What The Experts Say On Twilio:
- Wells Fargo has decided to maintain their Overweight rating on Twilio, which currently sits at a price target of $225.
- Needham has decided to maintain their Buy rating on Twilio, which currently sits at a price target of $200.
- Piper Sandler has decided to maintain their Overweight rating on Twilio, which currently sits at a price target of $220.
- JMP Securities has decided to maintain their Market Outperform rating on Twilio, which currently sits at a price target of $250.
- Goldman Sachs has decided to maintain their Buy rating on Twilio, which currently sits at a price target of $262.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for {d[company_name]}, Benzinga Progives you real-time options trades alerts.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.