That's what the whales bet on

Someone with a lot of money to spend has taken a bullish stance on Block SQ.

And retailers should know.

We noticed this today when the important position appeared on the history of publicly available options that we track here at Benzinga.

Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with SQ, it often means someone knows something is going to happen.

So how do we know what this whale just did?

Benzinga's options scanner today spotted 27 unusual options trades for Block.

This is not normal.

The general sentiment of these big traders is split between 55% bullish and 44% bearish.

Of all the special options we discovered, 17 are puts, totaling $1,129,573, and 10 are calls, totaling $623,540 $.
What is the target price?
Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $32.5 to $130.0 for Block over the course of for the past 3 months.
Development of volume and open interest
Reviewing volume and open interest is an insightful way to perform due diligence on a stock.

This data can help you track the liquidity and interest of Block options for a given strike price.

Below we can see the trend in call and put volume and open interest, respectively, for Block's entire whale business in a strike price range of $32.5 to $130.0 over the past 30 days.
Block option volume and open interest in the last 30 days The biggest options spotted: Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume SQ PUT SWEEP BULLISH 06/16/23 $75.00 $313,000 1.7K 141 SQ CALL TRADE BULLISH 07/29/22 $68.00 $257,900 1.2K 2.6K SQ PUT SWEEP BULLISH 09/16/22 $90.00 $199,800 1.7K 76 SQ PUT SWEEP BEARISH 09/16/22 $67.50 $89,000 1.3K 101 SQ PUT SWEEP BULLISH 09/16/22 $67.50 $73.2000 1.3K 226
Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume SQ PUT SWEEP BULLISH 06/16/23 $75.00 $313,000 1.7K 141 SQ CALL TRADE BULLISH 07/29/22 $68.00 $257,900 1.2K 2.6K SQ PUT SWEEP BULLISH 09/16/22 $90.00 $199,800 1.7K 76 SQ PUT SWEEP BEARISH 09/16/22 $67.50 $89,000 1.3K 101 SQ PUT SWEEP BULLISH 09/16/22 $67.50 $73.2000 1.3K 226
Where is the block now? With a volume of 7,115,048, the price of SQ is up 1.86% to $67.5. RSI indicators suggest that the underlying stock may be close to overbought. The next results should be published in 16 days. What the experts say about bouldering:

Business Jul 19, 2022 0 131 Add to Reading List

Someone with a lot of money to spend has taken a bullish stance on Block SQ.

And retailers should know.

We noticed this today when the important position appeared on the history of publicly available options that we track here at Benzinga.

Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with SQ, it often means someone knows something is going to happen.

So how do we know what this whale just did?

Benzinga's options scanner today spotted 27 unusual options trades for Block.

This is not normal.

The general sentiment of these big traders is split between 55% bullish and 44% bearish.

Of all the special options we discovered, 17 are puts, totaling $1,129,573, and 10 are calls, totaling $623,540 $.

What is the target price?

Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $32.5 to $130.0 for Block over the course of for the past 3 months.

Development of volume and open interest

Reviewing volume and open interest is an insightful way to perform due diligence on a stock.

This data can help you track the liquidity and interest of Block options for a given strike price.

Below we can see the trend in call and put volume and open interest, respectively, for Block's entire whale business in a strike price range of $32.5 to $130.0 over the past 30 days.

Block option volume and open interest in the last 30 days The biggest options spotted: Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume SQ PUT SWEEP BULLISH 06/16/23 $75.00 $313,000 1.7K 141 SQ CALL TRADE BULLISH 07/29/22 $68.00 $257,900 1.2K 2.6K SQ PUT SWEEP BULLISH 09/16/22 $90.00 $199,800 1.7K 76 SQ PUT SWEEP BEARISH 09/16/22 $67.50 $89,000 1.3K 101 SQ PUT SWEEP BULLISH 09/16/22 $67.50 $73.2000 1.3K 226

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume SQ PUT SWEEP BULLISH 06/16/23 $75.00 $313,000 1.7K 141 SQ CALL TRADE BULLISH 07/29/22 $68.00 $257,900 1.2K 2.6K SQ PUT SWEEP BULLISH 09/16/22 $90.00 $199,800 1.7K 76 SQ PUT SWEEP BEARISH 09/16/22 $67.50 $89,000 1.3K 101 SQ PUT SWEEP BULLISH 09/16/22 $67.50 $73.2000 1.3K 226 Where is the block now? With a volume of 7,115,048, the price of SQ is up 1.86% to $67.5. RSI indicators suggest that the underlying stock may be close to overbought. The next results should be published in 16 days. What the experts say about bouldering: