Affirm Stock Sees Bullish Options Activity As Amazon Pay Incorporates Pay-Over-Time Service

Affirm Holdings, Inc. AFRM shares gained on Wednesday after Amazon.Com Inc's AMZN Amazon Pay allowed merchants to offer Affirm's pay-over-time options to their customers at checkout.

On CNBC’s "Options Action,"  Kevin Kelly of Kelly Intelligence said there were around 1.75x more calls than puts on Affirm during Wednesday’s session.

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There were buyers of 9,813 of the June 20-calls at an average price of 19 cents per contract, Kelly mentioned.

The trader expects Affirm’s stock to surge 25% by June expiration.

The move brings Affirm's pay-over-time technology, used by millions of customers on Amazon.com and the Amazon mobile app, to Amazon Pay's simple and secure payment solution.

Price Action: Affirm's shares gained 2.4% to close at $16.20 on Wednesday, and added 1.1% in Thursday's premarket trading session.

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Photo: Affirm