Affirm Holdings Inc. ($AFRM) has recently seen significant trading activity, highlighted by a massive flag breakout and notable options trading. The company has attracted attention with buyers purchasing 2,900 June 2025 call options at a strike price of $47.50 for a total of $3.9 million. Additionally, there has been a strong put/call ratio, with 11,000 puts and 39,000 calls noted in recent trades, indicating bullish sentiment. Traders have also shown interest in December call options, with 3,000 contracts at a strike price of $52.50 being offered at $5.65. The stock has been performing well since a write-up in late August, with targets set at $52.48.