Buying AFRM call contracts.
Affirm Holdings operates a “Buy-Now-Pay-Later” (or BNLP) platform for online retailers. The stock has been popular as a new concept tech stock (even though the BNPL idea has been around for generations in some form or another).
After pulling back along with the broad selloff in high-value tech stocks, AFRM is now finding support. Even though the stock is still very expensive, investors could pile back into key growth stocks — especially those tied to online retailers and new business formation.
The potential for a snap-back rally gives us a great reward-to-risk opportunity for a speculative rebound trade on AFRM.
- Buy (to open) 6 AFRM January 21st $90 Calls
- Limit $28.00 or less
- The new position will represent roughly 9.8% of our Spec Model capital
- 15:31 Executed
- Bot 6 AFRM Jan 21st $90 Calls @ $28.00