Whales with a lot of money to spend have taken a noticeably bearish stance on SoFi Techs.
Looking at options history for SoFi Techs SOFI we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 15% of the investors opened trades with bullish expectations and 84% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $310,811 and 16, calls, for a total amount of $1,368,474.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $3.0 to $12.0 for SoFi Techs during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $3.0 to $12.0 in the last 30 days.
SoFi Techs 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SOFI | PUT | SWEEP | BULLISH | 11/01/24 | $0.8 | $0.79 | $0.78 | $10.00 | $234.3K | 4.3K | 183 |
| SOFI | CALL | SWEEP | BULLISH | 01/17/25 | $2.22 | $2.19 | $2.19 | $8.00 | $219.0K | 69.3K | 2.6K |
| SOFI | CALL | SWEEP | BEARISH | 01/17/25 | $2.22 | $2.19 | $2.19 | $8.00 | $219.0K | 69.3K | 1.6K |
| SOFI | CALL | SWEEP | BEARISH | 01/17/25 | $2.19 | $2.17 | $2.17 | $8.00 | $217.1K | 69.3K | 5.6K |
| SOFI | CALL | SWEEP | BEARISH | 01/17/25 | $2.19 | $2.16 | $2.16 | $8.00 | $216.0K | 69.3K | 6.7K |
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.
Having examined the options trading patterns of SoFi Techs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of SoFi Techs
- With a volume of 30,641,426, the price of SOFI is down -2.14% at $9.82.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 12 days.
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