AFRM Affirm Holdings big puts adding

Last time, AFRM puts were profitable:

This week, Affirm Holdings (AFRM) saw a notable increase in the acquisition of puts with a November 3rd expiration date, set at a $17.50 strike price with a premium of $0.67.

Affirm operates within the "buy now, pay later" model, which has also been dubbed as "pay never" by some analysts.

However, it's worth noting that AFRM currently operates as an unprofitable venture, and its current valuation may be perceived as inflated.

I'm eager to hear your perspective on this matter!

Trade closed: target reached:

AFRM traded at $16.80 ahead of earnings, and the Puts went up from $0.67 (when I wrote this article) to $1.17 at the close today (a lot higher intraday), for about 75% gain!