Affirm Holdings Option Alert: Jul 19 $50 Calls Sweep (29) above Ask!: 803 @ $0.45 vs 15964 OI; Ref=$36.04
Portfolio Pulse from Benzinga Newsdesk
Affirm Holdings (AFRM) saw a significant option activity with a sweep of 803 contracts for the July 19 $50 calls at $0.45, which is above the ask price. This indicates a bullish sentiment among traders, as the current stock price is $36.04.
June 13, 2024 | 1:44 pm
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Affirm Holdings experienced a notable bullish option activity with a sweep of 803 contracts for the July 19 $50 calls at $0.45, above the ask price. This suggests traders are expecting a significant price increase.
The sweep of 803 call options at a strike price significantly above the current stock price indicates strong bullish sentiment. Traders are willing to pay a premium, suggesting they expect the stock to rise substantially.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100