Deep-pocketed investors have adopted a bullish approach towards Affirm Holdings AFRM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AFRM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Affirm Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 60% leaning bullish and 30% bearish. Among these notable options, 2 are puts, totaling $114,413, and 8 are calls, amounting to $429,470.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $45.0 for Affirm Holdings, spanning the last three months.
Volume & Open Interest Trends
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 $5.0 to $45.0 over the preceding 30 days.
Affirm Holdings 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AFRM | CALL | SWEEP | NEUTRAL | 07/19/24 | $3.35 | $3.1 | $3.25 | $35.00 | $163.0K | 1.3K | 718 |
| AFRM | CALL | SWEEP | BULLISH | 05/24/24 | $1.15 | $1.04 | $1.14 | $35.00 | $63.6K | 380 | 854 |
| AFRM | PUT | SWEEP | BEARISH | 10/18/24 | $4.65 | $4.55 | $4.65 | $30.00 | $58.9K | 952 | 129 |
| AFRM | PUT | SWEEP | BEARISH | 10/18/24 | $4.75 | $4.6 | $4.7 | $30.00 | $55.4K | 952 | 142 |
| AFRM | CALL | TRADE | BEARISH | 05/17/24 | $0.94 | $0.92 | $0.92 | $33.00 | $46.0K | 1.1K | 520 |
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.
Having examined the options trading patterns of Affirm Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Affirm Holdings's Current Market Status
- Currently trading with a volume of 1,396,168, the AFRM's price is up by 3.56%, now at $32.72.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 101 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 Affirm Holdings 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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