Benzinga's options scanner has just identified more than 22 option transactions on Block (NYSE:SQ), with a cumulative value of $1,058,452. Concurrently, our algorithms picked up 13 puts, worth a total of 753,205.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and $80.0 for Block, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Block stands at 1969.09, with a total volume reaching 3,608.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Block, situated within the strike price corridor from $55.0 to $80.0, throughout the last 30 days.
Block Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SQ | CALL | SWEEP | BULLISH | 08/16/24 | $7.2 | $7.1 | $7.2 | $57.50 | $89.9K | 13 | 12 |
| SQ | PUT | SWEEP | BULLISH | 06/20/25 | $20.55 | $20.5 | $20.5 | $77.50 | $88.1K | 2.2K | 52 |
| SQ | PUT | TRADE | BULLISH | 06/20/25 | $20.55 | $20.45 | $20.45 | $77.50 | $87.9K | 2.2K | 282 |
| SQ | PUT | TRADE | BULLISH | 06/20/25 | $20.5 | $20.35 | $20.35 | $77.50 | $79.3K | 2.2K | 359 |
| SQ | PUT | TRADE | BULLISH | 06/20/25 | $20.5 | $20.3 | $20.3 | $77.50 | $71.0K | 2.2K | 408 |
About Block
Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2023, Square's payment volume was a little over $200 million.
After a thorough review of the options trading surrounding Block, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Block Standing Right Now?
- Currently trading with a volume of 3,187,554, the SQ's price is down by -0.37%, now at $61.92.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 45 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Block options trades with real-time alerts from Benzinga Pro.