Whales with a lot of money to spend have taken a noticeably bullish stance on Block.
Looking at options history for Block SQ we detected 54 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $277,330 and 47, calls, for a total amount of $2,123,639.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $145.0 for Block over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Block's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Block's whale activity within a strike price range from $50.0 to $145.0 in the last 30 days.
Block Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SQ | CALL | SWEEP | NEUTRAL | 08/15/25 | $19.1 | $18.95 | $18.99 | $90.00 | $94.9K | 126 | 50 |
| SQ | CALL | SWEEP | BEARISH | 12/20/24 | $1.93 | $1.83 | $1.83 | $95.00 | $91.5K | 5.2K | 3.5K |
| SQ | CALL | SWEEP | BULLISH | 03/21/25 | $45.35 | $45.1 | $45.35 | $50.00 | $90.6K | 90 | 20 |
| SQ | CALL | SWEEP | BEARISH | 02/21/25 | $3.45 | $3.35 | $3.35 | $110.00 | $88.1K | 3.6K | 1.4K |
| SQ | CALL | TRADE | BULLISH | 01/16/26 | $21.45 | $21.3 | $21.45 | $92.50 | $83.6K | 535 | 39 |
About Block
Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2023, Square's payment volume was a little over $200 million.
Following our analysis of the options activities associated with Block, we pivot to a closer look at the company's own performance.
Current Position of Block
- Currently trading with a volume of 4,265,500, the SQ's price is up by 1.08%, now at $94.79.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 65 days.
What The Experts Say On Block
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $108.8.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Block with a target price of $102. * In a cautious move, an analyst from BMO Capital downgraded its rating to Market Perform, setting a price target of $100. * An analyst from Bernstein has decided to maintain their Outperform rating on Block, which currently sits at a price target of $120. * An analyst from Macquarie persists with their Outperform rating on Block, maintaining a target price of $110. * Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Block with a target price of $112.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Block with Benzinga Pro for real-time alerts.
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