Unusual Options Activity in Affirm Holdings, Inc. (AFRM), Rocket Companies, Inc. (RKT), and Teva Pharmaceutical Industries Limited (TEVA)

Unusual Options Activity in Affirm Holdings, Inc. (AFRM)

Today, in the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity in Affirm Holdings, Inc. (Symbol: AFRM).

There were a total of 3,528 contracts traded on the $95 strike call option at the bid, dated for September 17th, 2021, representing approximately 352,800 shares.  There were an additional 3,000 contracts traded on the $100 call option, also at the bid, as well as for the same date, representing an additional 300,000 shares.

These orders come after news of Affirm Holdings statement that it has partnered with Amazon.com, Inc. (AMZN) for a “buy now, pay later” service.

Per the chart below, there was a regional high of 15,978 call volume, represented in green, on August 25th.  Open interest, in yellow, has risen to 138,414 as of Friday, the 27th, from 124,855 on the 24th.  At the time of this writing, today’s call volume is 37,811, with volume of calls now at 66.1% compared to puts at 33.9%; call premium is 56.7% and put premium is 43.3%.

AFRM’s daily flow breakdown, click here to view.

Unusual Options Activity in Rocket Companies, Inc. (RKT)

Among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity today in Rocket Companies, Inc. (Symbol: RKT).

There were a total of 2,941 contracts traded on the $17 strike call option at the ask, dated for September 10th, 2021, representing approximately 294,100 shares.  There were an additional 2,941 contracts traded on the $16.5 call option, at the bid, as well as for the same date, representing an additional 294,100 shares.  As these orders came in at the same time, this commonly represents a call credit spread.  There is continued speculation that Rocket Companies, Inc. and mortgage-sympathetic stocks will not be held down for much longer with continued discussion of interest rate changes.

In the charts below, Rocket Companies, Inc.’s chain breakdowns are visualized by expiration, on the left, and strike, on the right.  On the September 10th, 2021 expiration, there is now approximately $1,783,294 bearish premium traded, in red, compared to the bullish premium, in green, totalling approximately $1,250,016.  On the right chart, it is seen that the most active strike is now at the $17 strike with $1,294,383 bearish premium, in red, over the $937,512 bullish volume, in green.

RKT’s daily flow breakdown, click here to view.

Unusual Options Activity in Teva Pharmaceutical Industries Limited (TEVA)

Among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity today in Teva Pharmaceutical Industries Limited (Symbol: TEVA).

There were a total of 6,000 contracts traded on the $10 strike call option at the ask, dated for September 17th, 2021, representing approximately 60,000 shares.

This order comes after Teva Pharmaceuticals announced results from an analysis on treatment for adult patients with tardive dyskinesia.

In the chart below,Teva Pharmaceutical Industries Limited’s chain breakdowns are visualized by expiration, with bullish premium in green and bearish premium in red.  The September 17th, 2021 expiration has $84,006 bullish premium compared to its $23,089 bearish, with the majority of bullish orders betting around the $10 strike options at $157,641 premium.

TEVA’s daily flow breakdown, click here to view.

For further information on the unusual options activityof AFRM, RKT, and TEVA, visit unusualwhales.com.