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Barchart
Barchart
Mark R. Hake, CFA

Unusual Activity in Block Inc. Options - Highlights SQ Stock's Value

SQ Block Block, Inc. OTM Cash App Square

Block Inc (SQ) stock shows unusual activity today in near-term out-of-the-money (OTM) put options. Block Inc. is the parent of Square and Cash App. The company recently reported strong Q2 results including positive free cash flow (FCF) growth over the last year. 

This OTM put options trading volume highlights the underlying value of SQ stock. This article will show why SQ stock could be undervalued by 30% to 40%. That sets its minimum price target at $83.72.

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