Affirm Stock Sees Bullish Options Activity As Amazon Pay Incorporates Pay-Over-Time Service
Portfolio Pulse from Lisa Levin
Affirm Holdings (NASDAQ:AFRM) shares gained after Amazon Pay allowed merchants to offer Affirm's pay-over-time options at checkout. Affirm's stock saw 1.75x more calls than puts during Wednesday's session, with traders expecting a 25% surge by June expiration.
June 08, 2023 | 12:01 pm
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POSITIVE IMPACT
Affirm's shares gained after Amazon Pay integrated its pay-over-time options, with traders expecting a 25% surge by June expiration.
Affirm's partnership with Amazon Pay allows merchants to offer its pay-over-time options at checkout, expanding its reach and potentially increasing its revenue. The bullish options activity indicates that traders expect a positive impact on Affirm's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Amazon Pay has integrated Affirm's pay-over-time options, allowing merchants to offer the service at checkout.
The integration of Affirm's pay-over-time options into Amazon Pay provides merchants with more payment options for their customers, potentially increasing customer satisfaction and sales. This could have a positive impact on Amazon's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80