Decoding SoFi Techs's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bullish move on SoFi Techs. Our analysis of options history for SoFi Techs SOFI revealed 10 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $56,433, and 8 were calls, valued at $255,200.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $12.0 for SoFi Techs over the last 3 months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in SoFi Techs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to SoFi Techs's substantial trades, within a strike price spectrum from $5.0 to $12.0 over the preceding 30 days.

SoFi Techs Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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.

After a thorough review of the options trading surrounding SoFi Techs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of SoFi Techs

• Currently trading with a volume of 16,710,163, the SOFI's price is up by 0.14%, now at $6.93.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 40 days.

Expert Opinions on SoFi Techs

2 market experts have recently issued ratings for this stock, with a consensus target price of $5.5.

• An analyst from Piper Sandler has revised its rating downward to Neutral, adjusting the price target to $8.
• Reflecting concerns, an analyst from Wedbush lowers its rating to Underperform with a new price target of $3.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest SoFi Techs options trades with real-time alerts from Benzinga Pro.