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.
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