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Barchart
Barchart
Mark R. Hake, CFA

Block Inc. Has Unusual Put Option Activity - Showing Bullish XYZ Investors

Block Inc. (XYZ) stock shows unusual out-of-the-money (OTM) put option volume today. That is a bullish sign as institutional investors are willing to buy shares at the lower strike price. Given Block's strong free cash flow (FCF), XYZ stock looks undervalued here.

XYZ is at $64.91 today, well off its mid-January peak prices in the low $90s. 

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