Deep-pocketed investors have adopted a bullish 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 20 extraordinary options activities for Twilio. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 70% leaning bullish and 30% bearish. Among these notable options, 6 are puts, totaling $298,093, and 14 are calls, amounting to $473,205.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $56.0 to $85.0 for Twilio over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Twilio stands at 913.53, with a total volume reaching 4,189.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Twilio, situated within the strike price corridor from $56.0 to $85.0, throughout the last 30 days.
Twilio Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TWLO | PUT | SWEEP | BULLISH | 01/16/26 | $60.00 | $109.9K | 260 | 106 |
| TWLO | PUT | SWEEP | BULLISH | 06/21/24 | $70.00 | $58.9K | 1.4K | 47 |
| TWLO | CALL | SWEEP | BULLISH | 04/19/24 | $65.00 | $55.5K | 3.7K | 905 |
| TWLO | CALL | TRADE | BULLISH | 01/17/25 | $60.00 | $53.2K | 974 | 56 |
| TWLO | PUT | SWEEP | NEUTRAL | 03/01/24 | $66.00 | $48.4K | 90 | 57 |
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
Where Is Twilio Standing Right Now?
- With a volume of 2,477,329, the price of TWLO is up 0.55% at $58.1.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 70 days.
Professional Analyst Ratings for Twilio
In the last month, 5 experts released ratings on this stock with an average target price of $71.4.
- An analyst from Northland Capital Markets has revised its rating downward to Market Perform, adjusting the price target to $66.
- An analyst from RBC Capital downgraded its action to Underperform with a price target of $50.
- In a cautious move, an analyst from HSBC downgraded its rating to Reduce, setting a price target of $61.
- An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $110.
- Consistent in their evaluation, an analyst from Baird keeps a Neutral rating on Twilio with a target price of $70.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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