Deep-pocketed investors have adopted a bullish approach towards Block XYZ, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in XYZ usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Block. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 42% leaning bullish and 42% bearish. Among these notable options, 4 are puts, totaling $149,325, and 10 are calls, amounting to $563,603.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $72.5 and $115.0 for Block, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Block options trades today is 714.25 with a total volume of 1,681.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Block's big money trades within a strike price range of $72.5 to $115.0 over the last 30 days.
Block 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XYZ | CALL | TRADE | BULLISH | 08/15/25 | $6.5 | $5.35 | $6.25 | $100.00 | $125.0K | 387 | 200 |
| XYZ | CALL | TRADE | BEARISH | 05/16/25 | $8.05 | $7.85 | $7.9 | $85.00 | $79.0K | 193 | 105 |
| XYZ | CALL | SWEEP | BEARISH | 08/15/25 | $3.65 | $3.45 | $3.5 | $115.00 | $76.3K | 331 | 219 |
| XYZ | CALL | TRADE | BULLISH | 01/15/27 | $23.4 | $22.1 | $23.2 | $85.00 | $53.3K | 284 | 23 |
| XYZ | CALL | SWEEP | BULLISH | 08/15/25 | $6.2 | $5.7 | $6.1 | $100.00 | $48.8K | 387 | 280 |
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.
Having examined the options trading patterns of Block, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Block
- Currently trading with a volume of 1,655,202, the XYZ's price is down by -1.07%, now at $81.71.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 8 days.
Professional Analyst Ratings for Block
In the last month, 2 experts released ratings on this stock with an average target price of $101.5.
Turn $1000 into $1270 in just 20 days?
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 Citigroup keeps a Buy rating on Block with a target price of $108. * An analyst from Wells Fargo has decided to maintain their Overweight rating on Block, which currently sits at a price target of $95.
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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