Software Stock Surging as Company Faces Selling Pressure

Core Viewpoint - Bill Holdings Inc (NYSE:BILL) is experiencing a significant stock price increase of 14.2%, trading at $53.16, following the announcement that the company is exploring options to sell, influenced by active investor Starboard Value [1] Group 1: Stock Performance - The stock is on track for its best day since August 28, aiming to close above $52 for the first time in a month [2] - Despite a rebound from mid-August to early October, the stock remains down 38% in 2025 [1] Group 2: Options Activity - There has been an increase in call options popularity, with a 50-day call/put volume ratio of 9.03, ranking higher than 91% of readings from the past year [3] - Options trading activity has surged, with calls being exchanged at triple the intraday average pace, totaling 5,815 calls compared to 1,138 puts [4] Group 3: Volatility and Expectations - Options are currently considered affordable, as indicated by the Schaeffer's Volatility Index (SVI) of 50%, which is in the 12th percentile of annual readings [5] - The company tends to outperform options traders' volatility expectations, reflected in its Schaeffer's Volatility Scorecard (SVS) of 91 out of 100 [5]