Deep-pocketed investors have adopted a bullish approach towards BILL Holdings BILL, 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 BILL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for BILL Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 77% leaning bullish and 22% bearish. Among these notable options, 2 are puts, totaling $397,203, and 7 are calls, amounting to $274,220.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $80.0 for BILL Holdings, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of BILL Holdings stands at 264.22, with a total volume reaching 787.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in BILL Holdings, situated within the strike price corridor from $65.0 to $80.0, throughout the last 30 days.
BILL Holdings Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BILL | PUT | TRADE | BULLISH | 01/17/25 | $65.00 | $346.5K | 228 | 0 |
| BILL | CALL | SWEEP | BULLISH | 04/19/24 | $72.00 | $84.0K | 37 | 348 |
| BILL | PUT | SWEEP | BEARISH | 08/16/24 | $80.00 | $50.7K | 4 | 30 |
| BILL | CALL | SWEEP | BULLISH | 03/28/24 | $68.00 | $40.7K | 84 | 218 |
| BILL | CALL | SWEEP | BULLISH | 05/17/24 | $80.00 | $35.9K | 513 | 103 |
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.
Present Market Standing of BILL Holdings
- With a trading volume of 1,463,418, the price of BILL is up by 1.46%, reaching $67.45.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 42 days from now.
What Analysts Are Saying About BILL Holdings
1 market experts have recently issued ratings for this stock, with a consensus target price of $72.0.
- Showing optimism, an analyst from Exane BNP Paribas upgrades its rating to Neutral with a revised price target of $72.
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 BILL Holdings 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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