Whales with a lot of money to spend have taken a noticeably bullish stance on Block.
Looking at options history for Block SQ we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $569,064 and 4, calls, for a total amount of $138,661.
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 $82.5 for Block, spanning the last three 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 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 trades within a strike price range from $42.5 to $82.5 in the last 30 days.
Block Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SQ | PUT | TRADE | BULLISH | 01/17/25 | $1.45 | $1.39 | $1.39 | $42.50 | $125.1K | 1.7K | 0 |
| SQ | PUT | SWEEP | BEARISH | 08/16/24 | $5.5 | $5.4 | $5.5 | $65.00 | $110.0K | 2.4K | 16 |
| SQ | PUT | SWEEP | BULLISH | 06/20/25 | $6.9 | $6.8 | $6.8 | $55.00 | $90.4K | 2.8K | 173 |
| SQ | PUT | SWEEP | BULLISH | 08/16/24 | $3.1 | $3.0 | $3.03 | $60.00 | $60.1K | 1.2K | 85 |
| SQ | PUT | SWEEP | BULLISH | 07/19/24 | $1.33 | $1.29 | $1.29 | $60.00 | $52.5K | 4.2K | 30 |
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.
Present Market Standing of Block
- With a trading volume of 2,464,918, the price of SQ is down by -0.86%, reaching $63.47.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 36 days from now.
What The Experts Say On Block
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $90.0.
- Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Block, targeting a price of $100.
- An analyst from Goldman Sachs has revised its rating downward to Buy, adjusting the price target to $80.
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 Block 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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