High-rolling investors have positioned themselves bullish on Affirm Holdings AFRM, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in AFRM often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for Affirm Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 54% bullish and 36% bearish. Among all the options we identified, there was one put, amounting to $31,620, and 10 calls, totaling $443,068.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $12.5 and $35.0 for Affirm Holdings, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Affirm Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Affirm Holdings's substantial trades, within a strike price spectrum from $12.5 to $35.0 over the preceding 30 days.
Affirm Holdings Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AFRM | CALL | TRADE | BULLISH | 03/21/25 | $5.5 | $5.35 | $5.45 | $35.00 | $109.0K | 419 | 0 |
| AFRM | CALL | SWEEP | BEARISH | 07/26/24 | $1.2 | $1.19 | $1.2 | $30.50 | $98.6K | 1.0K | 32 |
| AFRM | CALL | TRADE | BULLISH | 08/16/24 | $2.33 | $2.31 | $2.33 | $30.00 | $46.6K | 3.0K | 480 |
| AFRM | CALL | SWEEP | BULLISH | 02/21/25 | $8.05 | $7.95 | $8.05 | $27.50 | $32.2K | 74 | 0 |
| AFRM | PUT | SWEEP | BULLISH | 08/16/24 | $1.27 | $1.24 | $1.24 | $27.50 | $31.6K | 2.1K | 116 |
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.
Affirm Holdings's Current Market Status
- With a trading volume of 4,189,675, the price of AFRM is up by 0.19%, reaching $29.66.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 41 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Affirm Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
