Investors with a lot of money to spend have taken a bearish 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 13 uncommon options trades for Affirm Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.
Out of all of the special options we uncovered, 10 are puts, for a total amount of $2,533,225, and 3 are calls, for a total amount of $90,556.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $50.0 for Affirm Holdings over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Affirm Holdings'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 Affirm Holdings's whale trades within a strike price range from $25.0 to $50.0 in the last 30 days.
Affirm Holdings Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AFRM | PUT | SWEEP | BULLISH | 09/20/24 | $30.00 | $1.3M | 51 | 2.7K |
| AFRM | PUT | SWEEP | BULLISH | 09/20/24 | $30.00 | $519.7K | 51 | 4.9K |
| AFRM | PUT | SWEEP | BULLISH | 09/20/24 | $30.00 | $350.3K | 51 | 537 |
| AFRM | PUT | TRADE | BULLISH | 09/20/24 | $30.00 | $51.8K | 51 | 5.0K |
| AFRM | PUT | SWEEP | BEARISH | 06/21/24 | $37.50 | $41.5K | 691 | 52 |
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.
After a thorough review of the options trading surrounding Affirm Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Affirm Holdings Standing Right Now?
- Trading volume stands at 1,224,299, with AFRM's price down by -3.48%, positioned at $33.02.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 49 days.
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 Affirm Holdings, 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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