Affirm Holdings, Inc. AFRM shares rose Wednesday after Amazon's decision to buy the company. The AMZN Amazon Pay initiative by Com Inc allowed merchants to offer payment-over-time options to their customers at checkout.
On CNBC's Options Action, Kevin Kelly of Kelly Intelligence said there were around 1.75 x more calls than puts on Affirm during Wednesday's session.
There were buyers of 9.813 of the June 20 calls, at an average price of 19 cents per contract, Kelly said.
The trader expects Affirm's stock to surge 25% by June's expiration.
Price Action: Affirm's shares rose 2.4% to close at $16.20 on Wednesday, and gained 1.1% in Thursday's premarket trading session.
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