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Options Bears Quadrupled Their Money With Block Puts
BLOCKBLOCK(US:SQ) Schaeffers Investment Research·2025-09-10 02:35

Schaeffer's Weekly Options Countdown subscribers scored an impressive gain with our Block Inc (NYSE:XYZ) weekly 9/5 79-strike put recommendation. In fact, investors quadrupled their money in less than a week, so it's time to dig into the drivers behind this winning trade.At the time of our recommendation on Sunday, Aug. 31, Block (XYZ) had been stuck under 80foroveramonth,withthreerejectionsresultinginlowsaround80 for over a month, with three rejections resulting in lows around 73. It seemed like that could roll over, though, as fintech peers stalled out.What' ...