Twilio Stock Nears Record High After Bull Note

This is the second bull note for the cloud name this month

Managing Editor
Sep 12, 2018 at 9:36 AM
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Shares of cloud concern Twilio Inc (NYSE:TWLO) are higher in early trading after Monness Crespi Hardt hiked its price target to $108 from $85 -- a nearly 27% premium to last night's close. The bull note comes just after the company's announcement yesterday that it purchased long-time partner and software firm, Ytica, and just over a week after KeyBanc upgraded Twilio stock. At last glance, TWLO is up 1% at $86.12.

Today's upside has Twilio stock within a chip-shot of its Sept. 4 record peak of $87.91. Longer term, the tech name has been climbing the charts, nearly quadrupling since its mid-February low at $23.25.

Elsewhere, near-term traders have been more call-skewed than usual, with the security's Schaeffer's put/call open interest ratio (SOIR) of 0.52 ranking in the low 19th annual percentile. In other words, call open interest for options expiring within three months outweighs put open interest by a wider-than-usual margin.

Those purchasing premium on near-term TWLO options are choosing an attractive time to do so. This is per the equity's Schaeffer's Volatility Index (SVI) of 49%, which stands in the 19th percentile of its annual range. This suggests that short-term options are pricing in relatively low volatility expectations.

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