Affirm Holdings's Options Frenzy: What You Need to Know

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 8 uncommon options trades for Affirm Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $1,772,078, and 4 are calls, for a total amount of $166,092.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $38.0 for Affirm Holdings over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Affirm Holdings options trades today is 727.0 with a total volume of 4,718.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Affirm Holdings's big money trades within a strike price range of $20.0 to $38.0 over the last 30 days.

Affirm Holdings Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AFRM PUT SWEEP BEARISH 05/17/24 $35.00 $1.2M 1.4K 2.6K
AFRM PUT TRADE BEARISH 03/28/24 $38.00 $269.7K 1.3K 901
AFRM PUT SWEEP BEARISH 03/22/24 $33.00 $181.1K 216 219
AFRM CALL SWEEP BEARISH 03/22/24 $38.00 $66.4K 853 601
AFRM CALL SWEEP BEARISH 03/15/24 $25.00 $39.9K 162 2

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

  • Trading volume stands at 2,508,136, with AFRM's price down by -1.83%, positioned at $38.08.
  • RSI indicators show the stock to be may be approaching oversold.
  • Earnings announcement expected in 54 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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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