Deep-pocketed investors have adopted a bullish 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 53 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 58% leaning bullish and 37% bearish. Among these notable options, 6 are puts, totaling $619,800, and 47 are calls, amounting to $2,921,695.
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 $5.0 to $30.0 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 $5.0 to $30.0, over the past month.
SoFi Techs Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SOFI | PUT | TRADE | BEARISH | 01/16/26 | $6.3 | $6.25 | $6.3 | $20.00 | $252.0K | 4.2K | 542 |
| SOFI | CALL | SWEEP | BULLISH | 01/16/26 | $8.5 | $8.35 | $8.45 | $10.00 | $235.6K | 103.2K | 12.5K |
| SOFI | CALL | SWEEP | BEARISH | 04/17/25 | $2.74 | $2.73 | $2.73 | $17.00 | $169.8K | 2.3K | 1.2K |
| SOFI | CALL | SWEEP | BEARISH | 01/16/26 | $8.5 | $8.45 | $8.45 | $10.00 | $163.1K | 103.2K | 12.0K |
| SOFI | PUT | TRADE | BULLISH | 02/21/25 | $8.05 | $8.0 | $8.0 | $24.00 | $160.0K | 435 | 200 |
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.
SoFi Techs's Current Market Status
- With a volume of 45,299,494, the price of SOFI is up 2.09% at $16.59.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 42 days.
Professional Analyst Ratings for SoFi Techs
3 market experts have recently issued ratings for this stock, with a consensus target price of $14.666666666666666.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on SoFi Techs with a target price of $16. * Consistent in their evaluation, an analyst from Mizuho keeps a Outperform rating on SoFi Techs with a target price of $16. * In a cautious move, an analyst from B of A Securities downgraded its rating to Underperform, setting a price target of $12.
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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