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A Closer Look at Affirm Holdings's Options Market Dynamics

Author: Benzinga Insights | June 13, 2024 10:03am

Whales with a lot of money to spend have taken a noticeably bullish stance on Affirm Holdings.

Looking at options history for Affirm Holdings (NASDAQ:AFRM) we detected 10 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $407,374 and 4, calls, for a total amount of $328,595.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $50.0 for Affirm Holdings over the last 3 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 $35.0 to $50.0 over the preceding 30 days.

Affirm Holdings Call and Put Volume: 30-Day Overview

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 BEARISH 08/16/24 $3.05 $2.9 $2.89 $40.00 $147.3K 1.5K 14
AFRM PUT SWEEP BEARISH 06/21/24 $1.25 $1.16 $1.25 $36.00 $119.6K 341 41
AFRM CALL SWEEP BEARISH 07/19/24 $1.96 $1.89 $1.89 $40.00 $94.5K 3.3K 701
AFRM PUT TRADE BULLISH 06/21/24 $1.54 $1.45 $1.48 $36.00 $82.8K 341 1.0K
AFRM PUT SWEEP BULLISH 01/17/25 $8.75 $8.6 $8.6 $37.50 $81.7K 711 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.

In light of the recent options history for Affirm Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Affirm Holdings Standing Right Now?

  • With a volume of 1,279,102, the price of AFRM is up 2.15% at $36.52.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 70 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