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 18 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 38% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $570,610 and 10, calls, for a total amount of $505,888.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $95.0 for Block during the past quarter.
Insights into 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 Block's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Block's substantial trades, within a strike price spectrum from $60.0 to $95.0 over the preceding 30 days.
Block Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SQ | CALL | SWEEP | BULLISH | 01/15/27 | $33.9 | $33.3 | $33.9 | $70.00 | $200.0K | 367 | 59 |
| SQ | PUT | TRADE | BULLISH | 06/20/25 | $4.9 | $4.75 | $4.8 | $75.00 | $144.0K | 4.5K | 312 |
| SQ | PUT | TRADE | BEARISH | 08/15/25 | $6.2 | $5.95 | $6.1 | $75.00 | $122.0K | 413 | 200 |
| SQ | PUT | TRADE | NEUTRAL | 04/17/25 | $3.55 | $3.45 | $3.5 | $77.50 | $105.0K | 1.8K | 304 |
| SQ | PUT | TRADE | BULLISH | 04/17/25 | $6.5 | $6.4 | $6.4 | $85.00 | $54.4K | 267 | 85 |
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.
Where Is Block Standing Right Now?
- Trading volume stands at 2,284,185, with SQ's price up by 1.44%, positioned at $87.62.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 34 days.
What The Experts Say On Block
5 market experts have recently issued ratings for this stock, with a consensus target price of $106.6.
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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. * An analyst from Wells Fargo has decided to maintain their Overweight rating on Block, which currently sits at a price target of $95. * Maintaining their stance, an analyst from Keefe, Bruyette & Woods continues to hold a Market Perform rating for Block, targeting a price of $100. * An analyst from Oppenheimer upgraded its action to Outperform with a price target of $115. * Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Block with a target price of $108. * In a positive move, an analyst from Raymond James has upgraded their rating to Outperform and adjusted the price target to $115.
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 Block options trades with real-time alerts from Benzinga Pro.
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