Financial giants have made a conspicuous bullish move on Block. Our analysis of options history for Block SQ revealed 17 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $337,970, and 10 were calls, valued at $764,337.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $42.5 and $120.0 for Block, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Block's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Block's whale activity within a strike price range from $42.5 to $120.0 in the last 30 days.
Block Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SQ | CALL | TRADE | BULLISH | 03/15/24 | $80.00 | $380.0K | 4.7K | 2.1K |
| SQ | CALL | SWEEP | BEARISH | 06/20/25 | $80.00 | $136.6K | 2.1K | 118 |
| SQ | PUT | SWEEP | BEARISH | 06/20/25 | $42.50 | $82.0K | 268 | 202 |
| SQ | PUT | SWEEP | BULLISH | 04/19/24 | $80.00 | $55.1K | 678 | 41 |
| SQ | PUT | TRADE | BEARISH | 01/17/25 | $72.50 | $50.9K | 1.2K | 36 |
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
Present Market Standing of Block
- With a trading volume of 2,773,231, the price of SQ is up by 0.5%, reaching $67.21.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 10 days from now.
What The Experts Say On Block
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $87.5.
- An analyst from BTIG has elevated its stance to Buy, setting a new price target at $85.
- An analyst from Wedbush upgraded its action to Outperform with a price target of $90.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Block, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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