Significant Options Activity on Friday: ENPH, GLNG, AFRM
Golar LNG Options Activity: Golar LNG Ltd (GLNG) has seen a trading volume of 8,814 options contracts today, equating to 881,400 underlying shares, which is 60.4% of its average daily trading volume over the past month.
High Volume Call Option for GLNG: The $20 strike call option expiring on January 16, 2026, has particularly high activity with 2,162 contracts traded, representing about 216,200 underlying shares.
Affirm Holdings Options Activity: Affirm Holdings Inc (AFRM) reported a trading volume of 36,358 options contracts today, representing approximately 3.6 million underlying shares, or 60% of its average daily trading volume.
High Volume Call Option for AFRM: The $74 strike call option expiring on November 14, 2025, has seen significant trading with 3,789 contracts, representing around 378,900 underlying shares.
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- Partnership Expansion: Affirm is deepening its partnership with Stripe by introducing shared payment tokens that enable AI-assisted shopping, allowing AI agents to initiate purchases without exposing sensitive payment information, thereby enhancing user experience and driving conversion rates.
- Payment Flow Optimization: With Stripe managing the payment flow, Affirm ensures that consumers can complete instant eligibility reviews and select repayment plans within the AI interface, simplifying the shopping process while enhancing security.
- Strong Earnings: Affirm reported second-quarter earnings of $0.37 per share, exceeding market expectations of $0.30, with revenue reaching $1.12 billion, surpassing the forecast of $1.06 billion, indicating robust performance in the market.
- Upgraded Outlook: Affirm raised its fiscal 2026 revenue outlook to between $4.09 billion and $4.15 billion, reflecting confidence in future growth, while active customers and merchants increased significantly by 23% and 42%, respectively.
- CEO Stock Purchase: SoFi Technologies' CEO Anthony Noto has bought company stock for the first time in over a year.
- Market Implications: This purchase may signal confidence in the company's future performance and could influence investor sentiment.
- Partnership Expansion: Affirm Holdings is expanding its collaboration with Stripe to introduce Shared Payment Tokens (SPT), enabling AI agents to initiate purchases with consumer permission, enhancing the shopping experience while safeguarding sensitive information.
- Payment Flexibility: With SPT, consumers can see the total cost upfront and select a clear repayment plan while using AI assistants, thereby enhancing decision-making capabilities and overall satisfaction during the shopping process.
- Merchant Support: This feature will support Stripe's direct merchants and is set to launch for merchants not using Stripe for payments in 2026, which is expected to broaden Affirm's market reach significantly.
- Industry Impact: This collaboration not only strengthens Affirm's competitive position in the buy now, pay later market but also has the potential to drive the evolution of AI-driven e-commerce, transforming the payment interactions between consumers and merchants.
- Workforce Reduction: Block announced a 40% workforce cut, reducing its headcount from over 10,000 to just under 6,000, indicating a strategic shift in operations influenced by AI tools, which is expected to significantly enhance overall efficiency and profitability.
- Stock Price Reaction: Following the layoff announcement, Block's stock surged approximately 25% in after-hours trading, ultimately closing up 17%, reflecting increased investor confidence in the company's future profitability.
- Earnings Forecast: Block's annual earnings forecast surpassed market expectations, with analysts generally optimistic that AI-driven efficiencies will drive profit growth, leading Morgan Stanley to upgrade its rating to overweight.
- Restructuring Costs: Block anticipates restructuring costs between $450 million and $500 million, primarily front-loaded in the first quarter, with Dorsey opting for a one-time layoff approach to mitigate long-term negative impacts on employee morale.
- Share Reduction Details: According to an SEC filing dated February 17, 2026, Paloma Partners Management Co reduced its holdings in Core Scientific by 2,547,000 shares, with an estimated transaction value of $44.41 million, reflecting a $46.32 million decline in the fund's position value over the quarter, indicating the impact of market volatility on its investment portfolio.
- Current Holdings Analysis: Following the sale, Core Scientific now accounts for only 0.49% of Paloma Partners' reportable U.S. equity assets, with its remaining 185,000 shares valued at $2.69 million at year-end, suggesting a significant reduction in the company's importance within the portfolio.
- Market Performance Overview: As of February 17, 2026, Core Scientific shares were priced at $17.23, reflecting a 39.1% increase over the past year, outperforming the S&P 500 by 25.81 percentage points, demonstrating the company's relative strength in the digital asset market.
- Business Model and Risks: Core Scientific generates revenue through self-mining and equipment hosting, and while its stock price reflects improving crypto sentiment, its profitability remains tied to production efficiency and power costs, necessitating investor attention on key metrics like Bitcoin production efficiency and power cost management.
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, indicating a shift in market sentiment that could influence investor decisions and market trends.
- Overview of Updates: While specific upgrades and downgrades are not detailed, the overall rating changes may prompt investors to reassess their holdings, potentially affecting trading volumes and price fluctuations of the related stocks.
- Expected Market Reaction: Analyst rating adjustments typically trigger immediate market responses, and investors should monitor these changes to timely adjust their investment strategies and capitalize on potential market opportunities.
- Information Access: Investors can access a comprehensive view of rating changes through Benzinga's analyst ratings page, aiding them in making more informed investment decisions.








