Looking At BILL Holdings's Recent Unusual Options Activity

Investors with a lot of money to spend have taken a bullish 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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with BILL, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 8 options trades for BILL Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.

Out of all of the options we uncovered, 7 are puts, for a total amount of $291,916, and there was 1 call, for a total amount of $31,356.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $80.0 for BILL Holdings during the past quarter.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for BILL Holdings options trades today is 477.17 with a total volume of 490.00.

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 $65.0 to $80.0 over the last 30 days.

BILL Holdings 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

Where Is BILL Holdings Standing Right Now?

• With a trading volume of 940,032, the price of BILL is down by -1.8%, reaching $72.55.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 22 days from now.

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.