Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

This Is What Whales Are Betting On SoFi Techs

Author: Benzinga Insights | September 09, 2024 01:00pm

Investors with a lot of money to spend have taken a bullish stance on SoFi Techs (NASDAQ:SOFI).

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SOFI, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 11 options trades for SoFi Techs.

This isn't normal.

The overall sentiment of these big-money traders is split between 54% bullish and 18%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $87,640, and 10, calls, for a total amount of $442,739.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $4.0 to $10.0 for SoFi Techs over the recent three months.

Volume & Open Interest Trends

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 $4.0 to $10.0, over the past month.

SoFi Techs Call and Put Volume: 30-Day Overview

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
SOFI PUT SWEEP BEARISH 01/17/25 $1.4 $1.38 $1.4 $8.00 $87.6K 7.4K 750
SOFI CALL SWEEP NEUTRAL 11/15/24 $0.47 $0.46 $0.46 $8.00 $65.7K 21.5K 1.9K
SOFI CALL SWEEP BULLISH 01/17/25 $1.05 $1.03 $1.05 $7.00 $52.5K 75.5K 1.0K
SOFI CALL SWEEP BULLISH 01/16/26 $2.24 $2.19 $2.24 $7.00 $44.7K 52.9K 881
SOFI CALL SWEEP BULLISH 01/16/26 $2.23 $2.19 $2.23 $7.00 $44.6K 52.9K 1.0K

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.

In light of the recent options history for SoFi Techs, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of SoFi Techs

  • With a volume of 17,913,621, the price of SOFI is up 2.14% at $7.16.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 49 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for SoFi Techs with Benzinga Pro for real-time alerts.

Posted In: SOFI

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist