Investors with a lot of money to spend have taken a bearish stance on BILL Holdings BILL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BILL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for BILL Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 45%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $661,192, and 4 are calls, for a total amount of $177,800.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and $75.0 for BILL Holdings, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for BILL Holdings options trades today is 117.62 with a total volume of 4,237.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for BILL Holdings's big money trades within a strike price range of $55.0 to $75.0 over the last 30 days.
BILL Holdings 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BILL | PUT | TRADE | NEUTRAL | 05/03/24 | $2.15 | $2.05 | $2.1 | $57.00 | $165.4K | 201 | 830 |
| BILL | PUT | SWEEP | BULLISH | 05/03/24 | $1.55 | $1.5 | $1.5 | $55.00 | $120.1K | 299 | 806 |
| BILL | PUT | TRADE | BEARISH | 05/03/24 | $4.6 | $4.5 | $4.6 | $63.00 | $91.9K | 77 | 200 |
| BILL | PUT | TRADE | NEUTRAL | 05/03/24 | $4.7 | $4.5 | $4.6 | $63.00 | $91.0K | 77 | 424 |
| BILL | PUT | SWEEP | BEARISH | 05/03/24 | $4.7 | $4.5 | $4.6 | $63.00 | $86.9K | 77 | 417 |
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.
Having examined the options trading patterns of BILL Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
BILL Holdings's Current Market Status
- Currently trading with a volume of 1,171,208, the BILL's price is up by 0.93%, now at $63.02.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 3 days.
Professional Analyst Ratings for BILL Holdings
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $72.75.
- An analyst from Piper Sandler persists with their Overweight rating on BILL Holdings, maintaining a target price of $77.
- An analyst from Jefferies persists with their Buy rating on BILL Holdings, maintaining a target price of $80.
- Consistent in their evaluation, an analyst from Baird keeps a Neutral rating on BILL Holdings with a target price of $74.
- Reflecting concerns, an analyst from Wells Fargo lowers its rating to Underweight with a new price target of $60.
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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