Someone with a lot of money to spend has taken a bearish stance on Twilio TWLO.
And retail traders should know.
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 49 uncommon options trades for Twilio.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $248,950, and 41 are calls, for a total amount of $2,338,471.
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 $40.0 to $105.0 for Twilio over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Twilio options trades today is 1432.55 with a total volume of 28,704.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Twilio's big money trades within a strike price range of $40.0 to $105.0 over 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 | CALL | SWEEP | BULLISH | 01/19/24 | $50.00 | $154.1K | 902 | 50 |
| TWLO | CALL | SWEEP | BEARISH | 10/20/23 | $70.00 | $123.6K | 2.2K | 1.7K |
| TWLO | CALL | TRADE | BULLISH | 10/20/23 | $50.00 | $123.2K | 1.7K | 2 |
| TWLO | CALL | TRADE | BULLISH | 07/21/23 | $60.00 | $118.0K | 1.5K | 1.1K |
| TWLO | CALL | SWEEP | BEARISH | 05/26/23 | $55.00 | $88.7K | 2.8K | 426 |
Where Is Twilio Standing Right Now?
- With a volume of 5,774,312, the price of TWLO is up 5.6% at $60.94.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 72 days.
What The Experts Say On Twilio:
- B of A Securities has decided to maintain their Underperform rating on Twilio, which currently sits at a price target of $55.
- Morgan Stanley has decided to maintain their Overweight rating on Twilio, which currently sits at a price target of $65.
- Bernstein has decided to maintain their Market Perform rating on Twilio, which currently sits at a price target of $58.
- Baird has decided to maintain their Neutral rating on Twilio, which currently sits at a price target of $56.
- JMP Securities downgraded its action to Market Outperform with a price target of $110
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 Twilio, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
