Affirm Holdings's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Affirm Holdings (NASDAQ:AFRM) has seen significant options trading activity, indicating a bearish sentiment among big-money investors. Benzinga's options scanner revealed 13 unusual trades, with a split sentiment of 38% bullish and 61% bearish. The trades include 10 puts totaling $2,533,225 and 3 calls totaling $90,556, targeting a price range of $25.0 to $50.0 for AFRM. The company, which offers digital commerce solutions, is currently trading at $33.02, down 3.48%, with an RSI indicating it may be approaching oversold territory. An earnings announcement is expected in 49 days.
March 19, 2024 | 2:31 pm
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Affirm Holdings has experienced significant options trading activity, indicating a bearish sentiment among investors. The company's stock is currently down 3.48%, trading at $33.02, with an RSI that suggests it may be approaching oversold territory. An earnings announcement is expected in 49 days, which could influence stock performance.
The bearish sentiment from big-money investors, as indicated by the options trading activity, suggests a negative outlook for AFRM's stock price in the short term. The current downtrend and the approaching earnings announcement add to the uncertainty, potentially leading to further declines.
CONFIDENCE 80
IMPORTANCE 90
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