Financial services firm Block (NYSE: SQ) stock has fallen (-59%) into the toilet for 2022. The e-commerce processing and payments platform subsidiary Square expanded its services through acquisition and integrated them into its wildly popular Cash App mobile payment service.
Someone with a lot of money to spend has taken a bullish stance on Block (NYSE:SQ).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Benzinga has examined the prospects for many investors' favorite stocks over the past week, while offering a 24/7 news feed, live chat and charting software on Benzinga Pro.
As the market advanced on Wednesday, it was buying time again for Cathie Wood's Ark Investment Management, which has a portfolio of actively managed exchange-traded funds (ETFs).
A whale with a lot of money to spend has taken a noticeably bearish stance on Block.
Looking at options history for Block (NYSE:SQ) we detected 20 strange trades.