Block Attracts Smart Money Betting Big on Its Options, Benzinga Reports

Deep-pocketed investors have taken a bullish stance toward $Block(SQ.US)$, Benzinga reported, cited 10 extraordinary options activities. About 60% of the trades by heavyweight investors were leaning bullish and 40% bearish, according to the report.

Among these notable options trades, three were puts, totaling $384,780, and seven were calls, amounting to $368,741, it stated. Trading volumes and open interest data signal that the major market movers were focusing on a price range of $65 to $100.0 for Block, spanning the last three months. The stock traded at $75.66 at 10:57 a.m. in New York, up 1.6%.

Here's a look at Block options expiring by the end of this week. Read the full Benzinga report here: Options Corner: Block Attracts Smart Money Betting Big on Its Options