Financial giants have recently taken a bearish stance on Block, as evidenced by 17 unusual trades in the options history of Block’s ticker symbol, SQ, on the NYSE. Upon further analysis, it was discovered that 64% of traders showed bearish tendencies, while only 35% were bullish. These trades consisted of 12 puts with a value of $555,991 and 5 calls valued at $832,153.
When examining the Volume and Open Interest in these contracts, it appears that the big players have been eyeing a price range of $42.5 to $72.5 for Block over the past quarter. This suggests that they anticipate price movements within this range.
In terms of liquidity and interest, the mean open interest for Block options trades today is 2010.62, with a total volume of 5,165.00. This indicates that there is a significant amount of trading activity surrounding Block’s options.
To visualize the development of volume and open interest of call and put options within the strike price range of $42.5 to $72.5 over the last 30 days, a chart is provided. This chart allows traders to track the trends and changes in volume and open interest for Block’s big money trades.
The article also highlights the biggest options that have been spotted for Block. These include call and put trades with varying sentiments, expiration dates, and strike prices. These options represent significant trades that have been made by market participants.
Block, founded in 2009, provides payment services to merchants and operates the Cash App, a person-to-person payment network. In 2022, Square’s payment volume exceeded $200 million. Understanding the options trading patterns for Block allows for a deeper understanding of the company’s market position and performance.
Currently, Block is trading with a volume of 5,186,498, and its price is down by -1.38% at $65.56. The RSI readings suggest that the stock may be oversold. Additionally, the anticipated earnings release for Block is in 37 days.
It is important to note that options trading carries higher risks and rewards. Traders should stay informed about the latest Block options trades and market movements by utilizing real-time alerts from platforms like Benzinga Pro.
In conclusion, financial giants have recently taken a bearish stance on Block, as indicated by unusual trades in the options history. Traders are closely monitoring the price range of $42.5 to $72.5 for potential price movements. Understanding the options trading patterns provides insights into Block’s market position and performance. Traders should stay informed and manage risks by utilizing real-time alerts and continually educating themselves.
