Market Whales and Their Recent Bets on AFRM Options

High-rolling investors have positioned themselves bearish on Affirm Holdings AFRM, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in AFRM often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 9 options trades for Affirm Holdings. This is not a typical pattern.

The sentiment among these major traders is split, with 33% bullish and 44% bearish. Among all the options we identified, there was one put, amounting to $33,858, and 8 calls, totaling $321,166.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $21.0 to $75.0 for Affirm Holdings over the recent three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Affirm Holdings stands at 646.88, with a total volume reaching 681.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Affirm Holdings, situated within the strike price corridor from $21.0 to $75.0, throughout the last 30 days.

Affirm Holdings Option Volume And Open Interest Over 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
AFRM CALL SWEEP NEUTRAL 05/10/24 $17.25 $13.65 $17.25 $21.00 $67.7K 1 0
AFRM CALL SWEEP BULLISH 05/10/24 $3.15 $2.95 $3.1 $36.00 $61.9K 1.2K 21
AFRM CALL TRADE BEARISH 01/16/26 $8.5 $7.65 $7.93 $75.00 $45.9K 354 58
AFRM PUT TRADE BEARISH 05/10/24 $2.97 $2.88 $2.97 $36.00 $33.8K 50 118
AFRM CALL TRADE NEUTRAL 05/10/24 $3.3 $3.2 $3.25 $36.00 $32.5K 1.2K 222

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.

Following our analysis of the options activities associated with Affirm Holdings, we pivot to a closer look at the company's own performance.

Where Is Affirm Holdings Standing Right Now?

  • Currently trading with a volume of 301,265, the AFRM's price is up by 6.36%, now at $36.63.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 5 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.

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