Behind the Scenes of Affirm Holdings's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Affirm Holdings (NASDAQ:AFRM) has seen a mix of bullish and bearish options trading activity, with a bearish sentiment prevailing among whales. Analysis of 27 trades shows 37% bullish and 62% bearish positions, with significant activity in both puts and calls. The price range targeted by these trades is between $35.0 and $75.0. Recent significant trades include both bullish and bearish calls and puts, with notable volumes and open interests. Affirm's stock is currently down 3.07% at $39.75, with neutral RSI indicators and earnings expected in 3 days. An analyst from BMO Capital has downgraded the stock to Market Perform with a target price of $44.
February 05, 2024 | 8:45 pm
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Affirm Holdings has seen significant options trading activity with a bearish sentiment prevailing. The stock is currently down, with neutral RSI indicators and earnings expected soon. BMO Capital downgraded the stock to Market Perform with a target price of $44.
The bearish sentiment in options trading, combined with the recent downgrade by BMO Capital and the stock's current performance, suggests a short-term negative impact on AFRM's stock price. The upcoming earnings release adds uncertainty, potentially influencing stock volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100