27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Financial giants have made a conspicuous bearish move on BILL Holdings. Our analysis of options history for BILL Holdings (NYSE:BILL) revealed 17 unusual trades.
Delving into the details, we found 23% of traders were bullish, while 76% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $1,461,288, and 5 were calls, valued at $234,222.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $70.0 for BILL Holdings during the past quarter.
Insights into Volume & Open Interest
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 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 activity within a strike price range from $60.0 to $70.0 in the last 30 days.
BILL Holdings 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BILL | PUT | SWEEP | BULLISH | 05/17/24 | $5.1 | $4.9 | $4.9 | $60.00 | $529.7K | 2.6K | 1.0K |
| BILL | PUT | TRADE | NEUTRAL | 05/17/24 | $5.0 | $4.8 | $4.9 | $60.00 | $98.9K | 2.6K | 1.7K |
| BILL | PUT | TRADE | BEARISH | 05/17/24 | $4.9 | $4.8 | $4.9 | $60.00 | $97.0K | 2.6K | 2.6K |
| BILL | PUT | TRADE | NEUTRAL | 05/17/24 | $5.0 | $4.8 | $4.9 | $60.00 | $95.0K | 2.6K | 1.9K |
| BILL | PUT | TRADE | NEUTRAL | 05/17/24 | $5.0 | $4.8 | $4.9 | $60.00 | $94.5K | 2.6K | 1.9K |
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.
In light of the recent options history for BILL Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of BILL Holdings
- Trading volume stands at 1,473,348, with BILL's price down by -1.39%, positioned at $61.9.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 28 days.
Expert Opinions on BILL Holdings
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $66.0.
- Reflecting concerns, an analyst from Wells Fargo lowers its rating to Underweight with a new price target of $60.
- Showing optimism, an analyst from Exane BNP Paribas upgrades its rating to Neutral with a revised price target of $72.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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