What the Options Market Tells Us About Affirm Holdings
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors show a bullish stance on Affirm Holdings (NASDAQ:AFRM) according to Benzinga's options scanner, revealing significant options activity. With 60% bullish and 30% bearish sentiment, the focus is on a price band between $5.0 and $45.0. Notable options activity includes both calls and puts, with a majority leaning towards calls. AFRM's current market status shows a 3.56% price increase to $32.72, with potential overbought signals and an earnings release anticipated in 101 days.
May 13, 2024 | 2:16 pm
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Affirm Holdings shows bullish investor sentiment with significant options activity. Current price up 3.56% to $32.72, but RSI suggests potential overbought status. Earnings release in 101 days could be a pivotal moment.
The bullish sentiment among deep-pocketed investors, as indicated by the options market, suggests a positive short-term price direction for AFRM. The significant options activity, especially the leaning towards calls, underlines investor confidence in the stock. However, the RSI indication of a potentially overbought status could temper short-term gains, making the upcoming earnings release a critical event for the stock's direction. The analysis is based on the observed options activity and current market status, providing a comprehensive view of AFRM's potential short-term movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100