Strategic Insights Unveiled
As the financial seas stir with tumultuous currents, major stakeholders in BILL Holdings (NYSE:BILL) have unfurled their bearish sentiments, unleashing a cascade of implications sure to send ripples across the market.
Unearthing Deep Patterns
Today’s unearthed options trades on BILL Holdings, detected by the vigilant scanners at Benzinga, have opened a window into the strategic maneuvers of well-heeled investors. These whale investors, whether institutional behemoths or affluent individuals cloaked in mystery, have laid their bets with a conviction that speaks volumes, painting a backdrop of impending happenings.
Delving into the Battlefield
Amidst the turbulence, a veritable battleground emerges within the options realm. The scales tip, revealing a 30-70 split between bullish and bearish sentiments among these astute traders. A marked contrast plays out as 3 puts worth $120,604 and 7 calls tallying $322,498 come into the spotlight.
Predicted Price Range
An evaluation of trading volumes and Open Interest heralds a focused endeavor by market whales, targeting a price band stretching from $60.0 to $120.0 for BILL Holdings over the last quarter – a territory ripe for substantial movements and strategic positioning.
Deep Dive into Volume & Open Interest
The tapestry of today’s trading discloses an average open interest of 104.14 and a resounding total volume of 762.00 for BILL Holdings, tracing the ebb and flow of call and put options within the $60.0 to $120.0 strike price range across the last 30 tumultuous days.
Unveiling the Giants
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BILL | CALL | SWEEP | BEARISH | 04/19/24 | $60.00 | $73.5K | 90 | 152 |
| BILL | CALL | TRADE | BEARISH | 01/16/26 | $120.00 | $66.9K | 78 | 0 |
| BILL | PUT | SWEEP | BULLISH | 03/08/24 | $63.00 | $47.3K | 9 | 223 |
| BILL | CALL | TRADE | BULLISH | 05/17/24 | $60.00 | $45.7K | 270 | 40 |
| BILL | PUT | SWEEP | BULLISH | 03/01/24 | $61.00 | $40.1K | 36 | 0 |
The Fortunes of BILL Holdings
- With a trading volume of 1,022,812, BILL stands shrouded in a -0.84% decline, now resting at $62.76.
- The current RSI values hint at an oversold realm where possibilities lurk.
- The countdown begins for the next earnings report, scheduled ominously 66 days ahead.
In the Analysts’ Chambers
A symphony of 5 analytical voices echo in the void, casting their projections over the next 30 days with an average price target of $90.0 for BILL Holdings.
- Despite the reverberations, Needham’s analyst revises their rating downward to Buy, setting a new target at $100.
- Wells Fargo maintains its Equal-Weight rating at a $70 price target, holding steady amidst the swirling tempest.
- JP Morgan’s unchanging Overweight rating heralds a $90 target price, a beacon of hope amidst the churning waters.
- Melding caution with optimism, Piper Sandler revises to an Overweight rating at $95, alert to the brewing storm.
Options trading is a realm where fortunes shift like sand dunes in the desert, a landscape fraught with perils and promises. The savvy navigator equips themselves with knowledge, foresight, and vigilance in the face of uncertainty. Keep your finger on the pulse of BILL Holdings options movements with real-time insights from Benzinga Pro.
