Investors with a lot of money to spend have taken a bearish stance on Affirm Holdings AFRM.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AFRM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Affirm Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 62%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $84,935, and 7, calls, for a total amount of $244,129.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $45.0 for Affirm Holdings, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Affirm Holdings stands at 1317.5, with a total volume reaching 1,126.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Affirm Holdings, situated within the strike price corridor from $30.0 to $45.0, throughout the last 30 days.
Affirm Holdings 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AFRM | PUT | SWEEP | BEARISH | 07/12/24 | $1.85 | $1.74 | $1.81 | $30.00 | $84.9K | 188 | 31 |
| AFRM | CALL | SWEEP | BULLISH | 06/28/24 | $0.4 | $0.39 | $0.4 | $32.00 | $44.1K | 2.2K | 17 |
| AFRM | CALL | SWEEP | BULLISH | 08/16/24 | $1.42 | $1.4 | $1.42 | $35.00 | $42.6K | 2.0K | 7 |
| AFRM | CALL | TRADE | BEARISH | 08/16/24 | $1.4 | $1.39 | $1.39 | $35.00 | $39.0K | 2.0K | 617 |
| AFRM | CALL | SWEEP | BEARISH | 01/17/25 | $3.8 | $3.7 | $3.71 | $40.00 | $37.1K | 2.9K | 35 |
About Affirm Holdings
Affirm Holdings Inc offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. The firm generates its revenue from merchant networks, and through virtual card networks among others. Geographically, it generates a majority share of its revenue from the United States.
After a thorough review of the options trading surrounding Affirm Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Affirm Holdings
- With a trading volume of 3,177,878, the price of AFRM is down by -1.26%, reaching $29.76.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 62 days from now.
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 Affirm Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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