High-rolling investors have positioned themselves bullish on SoFi Techs SOFI, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SOFI often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 12 options trades for SoFi Techs. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 8% bearish. Among all the options we identified, there was one put, amounting to $28,350, and 11 calls, totaling $499,314.
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 $3.0 to $10.0 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 $3.0 to $10.0 over the preceding 30 days.
SoFi Techs Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SOFI | CALL | TRADE | NEUTRAL | 01/16/26 | $5.5 | $5.4 | $5.45 | $3.00 | $88.2K | 3.8K | 162 |
| SOFI | CALL | SWEEP | BULLISH | 01/17/25 | $3.25 | $3.2 | $3.25 | $5.00 | $65.0K | 23.4K | 219 |
| SOFI | CALL | TRADE | NEUTRAL | 01/16/26 | $4.7 | $4.6 | $4.65 | $4.00 | $46.5K | 6.9K | 102 |
| SOFI | CALL | SWEEP | BULLISH | 11/15/24 | $0.44 | $0.43 | $0.44 | $9.00 | $44.1K | 27.6K | 5.0K |
| SOFI | CALL | SWEEP | BULLISH | 11/15/24 | $0.44 | $0.43 | $0.44 | $9.00 | $44.0K | 27.6K | 2.0K |
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.
Following our analysis of the options activities associated with SoFi Techs, we pivot to a closer look at the company's own performance.
Present Market Standing of SoFi Techs
- Trading volume stands at 14,734,287, with SOFI's price down by -1.22%, positioned at $8.09.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 38 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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