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What the Options Market Tells Us About Affirm Holdings

Author: Benzinga Insights | May 13, 2024 10:16am

Deep-pocketed investors have adopted a bullish approach towards Affirm Holdings (NASDAQ:AFRM), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AFRM usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Affirm Holdings. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 60% leaning bullish and 30% bearish. Among these notable options, 2 are puts, totaling $114,413, and 8 are calls, amounting to $429,470.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $45.0 for Affirm Holdings, spanning the last three months.

Volume & Open Interest Trends

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 $5.0 to $45.0 over the preceding 30 days.

Affirm Holdings 30-Day Option Volume & Interest Snapshot

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
AFRM CALL SWEEP NEUTRAL 07/19/24 $3.35 $3.1 $3.25 $35.00 $163.0K 1.3K 718
AFRM CALL SWEEP BULLISH 05/24/24 $1.15 $1.04 $1.14 $35.00 $63.6K 380 854
AFRM PUT SWEEP BEARISH 10/18/24 $4.65 $4.55 $4.65 $30.00 $58.9K 952 129
AFRM PUT SWEEP BEARISH 10/18/24 $4.75 $4.6 $4.7 $30.00 $55.4K 952 142
AFRM CALL TRADE BEARISH 05/17/24 $0.94 $0.92 $0.92 $33.00 $46.0K 1.1K 520

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

Affirm Holdings's Current Market Status

  • Currently trading with a volume of 1,396,168, the AFRM's price is up by 3.56%, now at $32.72.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 101 days.

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

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