Affirm Holdings's Options: A Look at What the Big Money is Thinking

Author: Benzinga Insights | February 28, 2024 02:45pm

Financial giants have made a conspicuous bearish move on Affirm Holdings. Our analysis of options history for Affirm Holdings (NASDAQ:AFRM) revealed 26 unusual trades.

Delving into the details, we found 46% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $755,915, and 11 were calls, valued at $510,833.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $55.0 for Affirm Holdings, spanning the last three months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $25.0 to $55.0 in the last 30 days.

Affirm Holdings 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
AFRM	PUT	TRADE	BEARISH	06/21/24	$47.50	$104.0K	530	97
AFRM	CALL	TRADE	BULLISH	06/21/24	$50.00	$81.9K	1.2K	7
AFRM	PUT	TRADE	BULLISH	04/19/24	$37.50	$81.8K	1.1K	440
AFRM	CALL	SWEEP	BEARISH	01/17/25	$55.00	$78.5K	852	101
AFRM	PUT	TRADE	BEARISH	04/19/24	$40.00	$77.7K	1.3K	229

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.

Where Is Affirm Holdings Standing Right Now?

• With a trading volume of 3,260,069, the price of AFRM is down by -1.45%, reaching $38.73.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 69 days from now.

What The Experts Say On Affirm Holdings

In the last month, 5 experts released ratings on this stock with an average target price of $34.8.

• Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Affirm Holdings, targeting a price of $47.
• Maintaining their stance, an analyst from Stephens & Co. continues to hold a Underweight rating for Affirm Holdings, targeting a price of $16.
• An analyst from JP Morgan has decided to maintain their Neutral rating on Affirm Holdings, which currently sits at a price target of $41.
• Maintaining their stance, an analyst from RBC Capital continues to hold a Sector Perform rating for Affirm Holdings, targeting a price of $50.
• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for Affirm Holdings, targeting a price of $20.

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.

Posted In: AFRM