Today, Benzinga's options scanner spotted 11 options trades for SoFi Techs. This is not a typical pattern.

The sentiment among these major traders is split, with 45% bullish and 36% bearish. Among all the options we identified, there was one put, amounting to $49,800, and 10 calls, totaling $329,219.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2.0 and $7.0 for SoFi Techs, spanning the last three months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for SoFi Techs's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of SoFi Techs's whale activity within a strike price range from $2.0 to $7.0 in the last 30 days.

SoFi Techs Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About SoFi Techs

Where Is SoFi Techs Standing Right Now?

• Trading volume stands at 15,590,826, with SOFI's price up by 0.99%, positioned at $7.75.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 62 days.

Expert Opinions on SoFi Techs

In the last month, 2 experts released ratings on this stock with an average target price of $10.0.

• In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $10.
• In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $10.

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.