Financial giants have made a conspicuous bearish move on Block. Our analysis of options history for Block XYZ revealed 53 unusual trades.
Delving into the details, we found 43% of traders were bullish, while 47% showed bearish tendencies. Out of all the trades we spotted, 28 were puts, with a value of $2,197,395, and 25 were calls, valued at $1,226,071.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $145.0 for Block over the last 3 months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Block's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Block's significant trades, within a strike price range of $30.0 to $145.0, over the past month.
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 | PUT | TRADE | BULLISH | 01/15/27 | $7.5 | $7.15 | $7.15 | $42.50 | $357.5K | 407 | 500 |
| XYZ | PUT | SWEEP | BULLISH | 01/15/27 | $10.65 | $10.35 | $10.4 | $50.00 | $352.5K | 83 | 344 |
| XYZ | PUT | SWEEP | BEARISH | 06/20/25 | $19.8 | $19.7 | $19.8 | $75.00 | $267.3K | 4.6K | 43 |
| XYZ | CALL | TRADE | BEARISH | 03/20/26 | $10.0 | $9.85 | $9.85 | $65.00 | $168.4K | 230 | 200 |
| XYZ | PUT | SWEEP | BULLISH | 01/15/27 | $10.65 | $10.45 | $10.45 | $50.00 | $168.2K | 83 | 505 |
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 2024, Square's payment volume was almost USD 250 million.
In light of the recent options history for Block, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Block
- With a volume of 7,162,835, the price of XYZ is down -9.08% at $54.55.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 52 days.
Professional Analyst Ratings for Block
5 market experts have recently issued ratings for this stock, with a consensus target price of $97.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Canaccord Genuity has decided to maintain their Buy rating on Block, which currently sits at a price target of $100. * Maintaining their stance, an analyst from Macquarie continues to hold a Outperform rating for Block, targeting a price of $110. * Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Block, targeting a price of $85. * An analyst from Barclays has decided to maintain their Overweight rating on Block, which currently sits at a price target of $97. * An analyst from UBS has decided to maintain their Buy rating on Block, which currently sits at a price target of $97.
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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