Stock Traders Buy High Volume of Call Options on Block (NYSE:XYZ)

Block, Inc. (NYSE:XYZ) was the target of unusually large options trading on Thursday. Traders bought 62,863 call options on the stock. This represents an increase of approximately 37% compared to the average daily volume of 45,987 call options.

Block Stock Up 3.4 %

Shares of NYSE XYZ traded up $3.08 during midday trading on Thursday, reaching $93.11. 2,915,358 shares of the company traded hands, compared to its average volume of 5,939,213. Block has a 12 month low of $55.00 and a 12 month high of $99.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $57.71 billion, a PE ratio of 52.31, a PEG ratio of 0.80 and a beta of 2.51.

About Block

Block, Inc, together with its subsidiaries, creates tools that enables sellers to accept card payments and provides reporting and analytics, and next-day settlement. It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a payments device and receipt printer to replace traditional keypad terminals, which accepts tap, dip, and swipe payments.