Investors with a lot of money to spend have taken a bullish stance on Affirm Holdings AFRM.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AFRM, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 23 uncommon options trades for Affirm Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 52% bullish and 47%, bearish.
Out of all of the special options we uncovered, 14 are puts, for a total amount of $1,652,414, and 9 are calls, for a total amount of $348,712.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $60.0 for Affirm Holdings, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Affirm Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Affirm Holdings's substantial trades, within a strike price spectrum from $30.0 to $60.0 over the preceding 30 days.
Affirm Holdings 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 |
|---|---|---|---|---|---|---|---|---|
| AFRM | PUT | TRADE | BULLISH | 04/19/24 | $35.00 | $834.4K | 899 | 2.8K |
| AFRM | PUT | SWEEP | BULLISH | 04/19/24 | $55.00 | $290.0K | 188 | 202 |
| AFRM | PUT | TRADE | BULLISH | 02/09/24 | $46.00 | $88.4K | 154 | 138 |
| AFRM | CALL | SWEEP | BEARISH | 01/26/24 | $35.00 | $80.0K | 196 | 103 |
| AFRM | PUT | SWEEP | BULLISH | 01/26/24 | $43.00 | $72.8K | 1.2K | 2.7K |
About Affirm Holdings
Affirm Holdings Inc offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. The firm generates its revenue from merchant networks, and through virtual card networks among others. Geographically, it generates a majority share of its revenue from the United States.
In light of the recent options history for Affirm Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Affirm Holdings
- With a volume of 9,170,635, the price of AFRM is up 2.23% at $45.34.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 16 days.
Professional Analyst Ratings for Affirm Holdings
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $44.0.
- An analyst from BMO Capital downgraded its action to Market Perform with a price target of $44.
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 Affirm Holdings with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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