SoFi Techs's Options: A Look at What the Big Money is Thinking

Investors with a lot of money to spend have taken a bullish stance on SoFi Techs SOFI.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SOFI, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 9 uncommon options trades for SoFi Techs.

This isn't normal.

The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $74,600, and 7 are calls, for a total amount of $283,821.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $5.0 to $11.0 for SoFi Techs over the recent three months.

Volume & Open Interest Development

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 $11.0, over the past month.

SoFi Techs Option Activity Analysis: Last 30 Days

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.

In light of the recent options history for SoFi Techs, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of SoFi Techs

• Trading volume stands at 18,906,192, with SOFI's price down by -0.83%, positioned at $8.41.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 18 days.

What Analysts Are Saying About SoFi Techs

In the last month, 2 experts released ratings on this stock with an average target price of $8.75.

• An analyst from Keefe, Bruyette & Woods has revised its rating downward to Underperform, adjusting the price target to $6.
• Reflecting concerns, an analyst from Deutsche Bank lowers its rating to Hold with a new price target of $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.