$AFRM offering up option playsAffirm Holdings $AFRM was up 34% on better than expected earnings and guidance.. the AFRM options market is lively with a steep volatility smile.. depending on your view there’s a number of plays here.. ATM straddle as IV’s there are well below historical volatility.. or bullish call or put spread to sell some rich OTM calls or puts.. after big earnings surprises and moves it can takes the options market a few days to figure out new volatility and therein lies the opportunity..
AFRM trade ideas
AFRM UpdateAffirm - sold and closed out of it today hoping for a gap fill of some sort so I can re-buy. Average cost was $64 on AFRM.
I bought because big time traders were pissing all over it on Twitter but since they dont visit consumer sites - they didn't see it. I saw Affirm logo on many many e-commerce stores and Amazon's big stamp of approval just showed that Affirm is the winner.
I will be honest, I have been very nervous about it from day one but not once thought of selling, instead added on the dip. In fact, I am even questioning why I decided to sell today. Anyways, will rebuy lower if Powell lets me. Neutral at the moment to see what price actions tells me next.
Affirm - Ponzi Pump - Blowoff Top After Double TopPonzi Pogs collapse. With RENT coming due for the nation, the DOLLAR HUNTERS will be out en masse. Only #thegems provide exponential returns now. QUALITY after Covid. Find them and you've beat Mr. Market. Congrats. *valuation matters in rising rates environment. Forward P/Es will get smacked. Profits and Growth today matter most. Hold for Broke, Poggers
#defi disaster
Go Brave Browser!!! $BAT.X.
Digi Dollar wins.
AFRM - Pay later service sustainable?After Apples announcement with Goldman Sachs to offer their own pay later service, AfterPay and Affirm dropped significantly. My initial reaction was that the market was over reacting but then I realized that Apple can be starting a new trend. All companies can soon offer pay later services. Affirm will need to start offering other services for the masses in order to be a high growth company otherwise things could get ugly.
My View on AFRMBe ready for the breakout.
Stop loss below 59.
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This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.--------------------------------------------
AFRM, LONGViolation of LTB followed by lateral fund accumulation called for attention to this operation
Candle closing above the resistance formed at the 58.00 line increases the probability that the candles will follow towards the first target.
If this occurs, the loss line must be repositioned in the buy position so that the risk of losses in the operation is reduced to zero.
good trades
AFFIRM - 1st Review: on track to reach 1st TargetHello Traders and Investors,
two weeks ago I recommended to go long on AFFIRM based on good fundamentals, but more important
due to a very bullish pattern (Cup & Handle).
And, so far, Affirm has been performing quite well (although not comparable to my likewise recommendation
on The Trade Desk). Nevertheless if market conditions continue favourable AFRM should soon overcome the
1st Target (yellow line) in the Daily Chart around $70,70 and then already go after the 2nd Target around $80.
Here I would then expect some consolidation before going after the 3rd Target around $90.
On the other hand it is important that AFRM does not lose its support at around $60,78 (green line)
as this represents a pivotal turning point and this would most probably trigger a new leg down.
Hope you like this short analysis, and if you want to post a comment sharing your personal view about
Affirm you are welcome to do so.