Key points:
- Whales are big investors who can move the market by buying or selling lots of shares. They are betting on Affirm Holdings, a company that gives people loans to buy things online.
- The options scanner found some unusual activity in Affirm Holdings' stock today, with 16 different actions taken by these big investors. Some think the price will go up and some think it will go down. They use options, which are contracts that give them the right to buy or sell shares at a certain price and time.
- The whales have different opinions on how much Affirm Holdings' stock should be worth, but they seem to agree that it should be between $20 and $55 per share. Read from source...

- The article title is misleading and sensationalized. It implies that there is some secret or hidden information about what the whales are betting on Affirm Holdings, when in reality it is just a report of unusual options activities detected by Benzinga's scanner.
- The article does not provide any context or background information about Affirm Holdings, its business model, financial performance, or market position. It assumes that the reader already knows what AFRM is and why it is important to follow its options activity.
- The article uses vague and ambiguous terms like "this level of activity is out of the ordinary" and "something big is about to happen". These statements do not convey any specific or actionable information, but rather create a sense of mystery and curiosity in the reader. They also imply that the author has some insider knowledge or expertise that the reader lacks, which could be seen as manipulative or deceptive.
- The article relies heavily on statistics and numbers without explaining how they are derived, what they mean, or why they matter. For example, it mentions the projected price targets, volume, open interest, and put/call ratio, but does not provide any analysis or interpretation of these data points. It also does not indicate the source or reliability of these data, which could be questionable or inaccurate.
- The article has a negative tone and bias against AFRM, as it focuses mainly on the bearish sentiment among the heavyweight investors and the potential downside risks for the stock. It does not acknowledge any positive factors or opportunities that might exist for Affirm Holdings, such as its growth prospects, innovation, partnerships, or customer loyalty.

The article has a bearish sentiment towards Affirm Holdings as it mentions the general mood among heavyweight investors is divided with 25% leaning bullish and 68% bearish.

Some possible scenarios for AFRM are:
- The stock continues to rise and reaches the upper bound of the whales' target price range ($55.0) or higher, indicating strong investor sentiment and growth potential. This could be driven by positive earnings reports, analyst upgrades, or strategic partnerships that boost AFRM's value proposition and competitive edge in the buy now pay later (BNPL) market. In this case, buying call options with a strike price near the current level ($35.0) or slightly higher could be a profitable strategy, as it would allow investors to benefit from the upside without incurring too much cost or risk. For example, a March 2021 $40.0 call option could be bought for around $6.75 per contract, and yield a return of over 300% if AFRM reaches $50.0 by expiration. Alternatively, investors could also consider writing put options with a strike price below the current level ($30.0) or lower, as it would generate income and limit downside exposure in case of a market correction or volatility spike. For example, a March 2021 $25.0 put option could be sold for around $4.65 per contract, and yield a return of over 35% if AFRM stays above $30.0 by expiration.
- The stock declines and reaches the lower bound of the whales' target price range ($20.0) or below, indicating weak investor sentiment and operational challenges. This could be driven by negative earnings reports, analyst downgrades, regulatory scrutiny, or increased competition that erodes AFRM's market share and profitability in the BNPL market. In this case, buying put options with a strike price near the current level ($35.0) or slightly lower could be a profitable strategy, as it would allow investors to benefit from the downside without incurring too much cost or risk. For example, a March 2021 $30.0 put option could be bought for around $4.90 per contract, and yield a return of over 56% if AFRM falls below $25.0 by expiration. Alternatively, investors could also consider selling call options with a strike price above the current level ($40.0) or higher, as it would generate income and limit upside exposure in case of a market rally or volatility decrease. For example, a March 2021 $50.0 call option could be sold for around $2.90 per contract, and yield a return of over 36% if AFRM stays