Financial giants have made a conspicuous bearish move on Block. Our analysis of options history for Block SQ revealed 9 unusual trades.
Delving into the details, we found 22% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $150,310, and 7 were calls, valued at $739,939.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $57.5 to $90.0 for Block over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Block options trades today is 1074.38 with a total volume of 759.00.
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 $57.5 to $90.0 over the last 30 days.
Block Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SQ | CALL | SWEEP | BEARISH | 06/20/25 | $12.6 | $12.55 | $12.6 | $70.00 | $461.1K | 868 | 474 |
| SQ | PUT | SWEEP | NEUTRAL | 06/21/24 | $1.77 | $1.7 | $1.77 | $67.00 | $123.9K | 361 | 15 |
| SQ | CALL | TRADE | BEARISH | 06/20/25 | $6.7 | $6.6 | $6.6 | $90.00 | $66.0K | 1.0K | 0 |
| SQ | CALL | TRADE | NEUTRAL | 12/20/24 | $9.45 | $9.3 | $9.38 | $67.50 | $59.0K | 509 | 100 |
| SQ | CALL | SWEEP | BEARISH | 01/17/25 | $10.45 | $10.25 | $10.25 | $67.50 | $48.1K | 1.7K | 9 |
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 2023, Square's payment volume was a little over $200 million.
In light of the recent options history for Block, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Block
- Currently trading with a volume of 2,645,128, the SQ's price is up by 2.6%, now at $65.83.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 50 days.
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 Block with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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