Investors with a lot of money to spend have taken a bullish stance on Affirm Holdings AFRM.
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 11 options trades for Affirm Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 81% bullish and 0%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $56,700, and 10, calls, for a total amount of $533,772.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $52.5 for Affirm Holdings over the last 3 months.
Volume & Open Interest Development
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 $20.0 to $52.5 over the preceding 30 days.
Affirm Holdings 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AFRM | CALL | TRADE | BULLISH | 01/17/25 | $11.4 | $11.2 | $11.32 | $30.00 | $113.2K | 2.5K | 44 |
| AFRM | CALL | SWEEP | BULLISH | 08/16/24 | $1.6 | $1.59 | $1.59 | $52.50 | $62.6K | 202 | 0 |
| AFRM | PUT | SWEEP | BULLISH | 05/31/24 | $3.4 | $3.15 | $3.15 | $32.00 | $56.7K | 56 | 180 |
| AFRM | CALL | SWEEP | BULLISH | 12/20/24 | $11.85 | $11.75 | $11.85 | $27.50 | $54.5K | 74 | 46 |
| AFRM | CALL | TRADE | BULLISH | 05/10/24 | $3.0 | $2.87 | $3.0 | $34.00 | $52.5K | 362 | 325 |
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.
Affirm Holdings's Current Market Status
- Trading volume stands at 1,450,612, with AFRM's price up by 0.05%, positioned at $33.35.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 9 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 Affirm Holdings with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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