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Affirm Holdings Whale Trades For August 02

Someone with a lot of money to spend has taken a bullish stance on Affirm Holdings AFRM.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga‘s options scanner spotted 25 uncommon options trades for Affirm Holdings.

This isn’t normal.

The overall sentiment of these big-money traders is split between 56% bullish and 44%, bearish.

Out of all of the special options we uncovered, 13 are puts, for a total amount of $1,457,952, and 12 are calls, for a total amount of $640,038.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $120.0 for Affirm Holdings over the last 3 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 $10.0 to $120.0 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 PUT TRADE BEARISH 01/19/24 $120.00 $919.5K 1.6K 105
AFRM PUT SWEEP BULLISH 01/19/24 $80.00 $154.1K 4.0K 46
AFRM CALL TRADE BEARISH 09/16/22 $10.00 $117.9K 116 100
AFRM CALL SWEEP BULLISH 01/20/23 $10.00 $96.2K 3.9K 71
AFRM CALL SWEEP BEARISH 08/19/22 $22.50 $77.2K 3.5K 156
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AFRM PUT TRADE BEARISH 01/19/24 $120.00 $919.5K 1.6K 105
AFRM PUT SWEEP BULLISH 01/19/24 $80.00 $154.1K 4.0K 46
AFRM CALL TRADE BEARISH 09/16/22 $10.00 $117.9K 116 100
AFRM CALL SWEEP BULLISH 01/20/23 $10.00 $96.2K 3.9K 71
AFRM CALL SWEEP BEARISH 08/19/22 $22.50 $77.2K 3.5K 156

Where Is Affirm Holdings Standing Right Now?

  • With a volume of 10,672,449, the price of AFRM is up 2.98% at $27.98.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 23 days.

What The Experts Say On Affirm Holdings:

  • Goldman Sachs downgraded its action to Neutral with a price target of $22

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.

This post was originally published on this site

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