Financial giants have made a conspicuous bearish move on Block. Our analysis of options history for Block SQ revealed 17 unusual trades.
Delving into the details, we found 35% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $555,991, and 5 were calls, valued at $832,153.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $42.5 to $72.5 for Block during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Block options trades today is 2010.62 with a total volume of 5,165.00.
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 $42.5 to $72.5 over the last 30 days.
Block Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SQ | CALL | TRADE | BULLISH | 01/16/26 | $65.00 | $447.7K | 769 | 284 |
| SQ | CALL | TRADE | BEARISH | 01/16/26 | $65.00 | $182.7K | 769 | 439 |
| SQ | PUT | TRADE | BEARISH | 09/20/24 | $42.50 | $160.2K | 39 | 900 |
| SQ | CALL | TRADE | BULLISH | 01/19/24 | $65.00 | $108.7K | 8.5K | 1.0K |
| SQ | PUT | SWEEP | BULLISH | 03/15/24 | $65.00 | $93.0K | 3.3K | 245 |
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 2022, 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
Block's Current Market Status
- Currently trading with a volume of 5,186,498, the SQ's price is down by -1.38%, now at $65.56.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 37 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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