Deep-pocketed investors have adopted a bearish 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 8 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 37% leaning bullish and 62% bearish. Among these notable options, 3 are puts, totaling $122,935, and 5 are calls, amounting to $371,236.
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 $27.5 and $37.5 for Affirm Holdings, spanning the last three months.
Volume & Open Interest Development
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 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 activity within a strike price range from $27.5 to $37.5 in the last 30 days.
Affirm Holdings Option Volume And Open Interest Over 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AFRM | CALL | SWEEP | BULLISH | 10/18/24 | $8.7 | $8.5 | $8.7 | $30.00 | $132.2K | 7 | 0 |
| AFRM | CALL | TRADE | BEARISH | 04/19/24 | $4.3 | $4.1 | $4.11 | $27.50 | $103.1K | 1.6K | 251 |
| AFRM | CALL | SWEEP | NEUTRAL | 06/21/24 | $4.5 | $4.4 | $4.45 | $32.50 | $75.2K | 1.1K | 180 |
| AFRM | PUT | SWEEP | BEARISH | 05/17/24 | $2.81 | $2.8 | $2.8 | $30.00 | $54.8K | 7.9K | 272 |
| AFRM | PUT | SWEEP | BULLISH | 05/17/24 | $1.82 | $1.72 | $1.72 | $27.50 | $41.2K | 3.8K | 252 |
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.
Current Position of Affirm Holdings
- With a volume of 1,471,600, the price of AFRM is up 0.48% at $31.3.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 19 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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