Affirm Holdings's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Affirm Holdings (NASDAQ:AFRM) has seen a significant amount of options trading activity, with a bearish sentiment prevailing among big-money investors. Benzinga's options scanner revealed 8 unusual trades, with a split of 25% bullish and 75% bearish sentiment. The trades include 4 puts totaling $1,772,078 and 4 calls totaling $166,092, indicating a predicted price range of $20.0 to $38.0 for AFRM over the next three months. The trading volume and open interest suggest increased liquidity and interest in AFRM's options. The company's stock is currently down by -1.83%, with a trading volume of 2,508,136 and an RSI indicating it may be approaching oversold territory. An earnings announcement is expected in 54 days.
March 14, 2024 | 2:16 pm
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NEGATIVE IMPACT
Affirm Holdings has experienced significant bearish options trading, indicating potential downward pressure on its stock price in the short term. The company's stock is already down by -1.83%, and with a majority of the options trades being bearish, this trend may continue.
The bearish sentiment among big-money investors, as evidenced by the options trading activity, suggests that there may be concerns about Affirm Holdings' future performance or market conditions that could negatively impact its stock price. The significant amount of money involved in these trades, along with the current downward trend in AFRM's stock price and the approaching earnings announcement, further supports the likelihood of a short-term negative impact.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100