Unpacking the Latest Options Trading Trends in Affirm Holdings
Portfolio Pulse from Benzinga Insights
Affirm Holdings (NASDAQ:AFRM) has seen significant options trading activity, with a bullish bias among big-money investors. Benzinga's options scanner revealed 12 unusual trades, with a sentiment split of 66% bullish and 33% bearish. The trades target a price range of $25.0 to $70.0 for AFRM over the next 3 months. The largest trades include both calls and puts, with the most notable being a bullish call sweep for a strike price of $32.50 expiring on 01/17/25. AFRM's stock is currently up by 0.44%, with a trading volume of 3,903,963 and an RSI indicating it may be approaching overbought territory. The next earnings report is due in 1 day.
May 07, 2024 | 5:45 pm
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POSITIVE IMPACT
Affirm Holdings has experienced significant bullish options trading, indicating investor optimism. The stock is slightly up, with an upcoming earnings report that could influence its short-term price movement.
The bullish options activity, especially the large call sweeps, suggests that investors are optimistic about AFRM's future price movement. The upcoming earnings report is a critical event that could validate this optimism or correct it, making it a significant factor for short-term price direction. The current RSI nearing overbought territory adds a layer of caution, suggesting that while the sentiment is positive, there might be limited upside without strong earnings support.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100