Market Whales and Their Recent Bets on SOFI Options

Deep-pocketed investors have adopted a bearish approach towards SoFi Techs SOFI, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SOFI usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for SoFi Techs. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 41% leaning bullish and 58% bearish. Among these notable options, 5 are puts, totaling $295,658, and 7 are calls, amounting to $285,500.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $6.0 to $15.0 for SoFi Techs over the last 3 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 $6.0 to $15.0, over the past month.

SoFi Techs Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

Following our analysis of the options activities associated with SoFi Techs, we pivot to a closer look at the company's own performance.

Where Is SoFi Techs Standing Right Now?

• Trading volume stands at 33,749,743, with SOFI's price up by 2.4%, positioned at $8.11.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 6 days.

Professional Analyst Ratings for SoFi Techs

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $9.833333333333334.

• An analyst from Mizuho persists with their Buy rating on SoFi Techs, maintaining a target price of $12.
• In a cautious move, an analyst from Keefe, Bruyette & Woods downgraded its rating to Underperform, setting a price target of $6.
• An analyst from Deutsche Bank has revised its rating downward to Hold, adjusting the price target to $11.

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.