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 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 22 uncommon options trades for Affirm Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 13 are puts, for a total amount of $471,238, and 9 are calls, for a total amount of $409,605.
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What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $75.0 for Affirm Holdings over the recent three months.
Volume & Open Interest Trends
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 $30.0 to $75.0 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 | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
AFRM | CALL | SWEEP | BULLISH | 03/01/24 | $43.00 | $110.5K | 3 | 285 |
AFRM | PUT | SWEEP | BULLISH | 01/19/24 | $45.00 | $60.4K | 4.1K | 287 |
AFRM | PUT | SWEEP | NEUTRAL | 03/15/24 | $40.00 | $56.1K | 3.6K | 172 |
AFRM | CALL | TRADE | BULLISH | 04/19/24 | $75.00 | $52.0K | 1.0K | 528 |
AFRM | PUT | SWEEP | BULLISH | 08/16/24 | $60.00 | $46.6K | 2 | 0 |
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.
Having examined the options trading patterns of Affirm Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Affirm Holdings
- Trading volume stands at 6,533,027, with AFRM's price down by -1.77%, positioned at $41.05.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 22 days.
Expert Opinions on Affirm Holdings
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $32.0.
- In a cautious move, an analyst from Morgan Stanley downgraded its rating to Underweight, setting a price target of $20.
- An analyst from BMO Capital has revised its rating downward to Market Perform, adjusting the price target to $44.
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.
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