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News

Looking At SoFi Techs's Recent Unusual Options Activity

Author: Benzinga Insights | June 17, 2024 01:45pm

Financial giants have made a conspicuous bullish move on SoFi Techs. Our analysis of options history for SoFi Techs (NASDAQ:SOFI) revealed 11 unusual trades.

Delving into the details, we found 63% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $181,950, and 8 were calls, valued at $639,314.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $5.0 to $14.0 for SoFi Techs over the recent three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for SoFi Techs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across SoFi Techs's significant trades, within a strike price range of $5.0 to $14.0, over the past month.

SoFi Techs Call and Put Volume: 30-Day Overview

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
SOFI CALL SWEEP BEARISH 01/16/26 $2.73 $2.72 $2.72 $5.00 $245.9K 21.9K 48
SOFI CALL TRADE BEARISH 07/19/24 $0.1 $0.09 $0.09 $8.00 $187.8K 34.4K 16.2K
SOFI PUT TRADE BULLISH 03/21/25 $0.55 $0.52 $0.53 $5.00 $106.0K 5.4K 20
SOFI CALL SWEEP BULLISH 09/20/24 $0.58 $0.55 $0.58 $7.00 $46.3K 14.3K 97
SOFI CALL SWEEP BULLISH 06/28/24 $0.05 $0.03 $0.05 $7.50 $44.5K 14.0K 243

About SoFi Techs

SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.

Present Market Standing of SoFi Techs

  • With a volume of 28,878,124, the price of SOFI is down -2.09% at $6.33.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 42 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for SoFi Techs, Benzinga Pro gives you real-time options trades alerts.

Posted In: SOFI