Looking At SoFi Techs's Recent Unusual Options Activity-February 2024-www.financetom.com

Looking At SoFi Techs's Recent Unusual Options Activity

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Looking At SoFi Techs's Recent Unusual Options Activity

Jun 17, 2024 11:25 AM

Financial giants have made a conspicuous bullish move on SoFi Techs. Our analysis of options history for SoFi Techs revealed 11 unusual trades.

Delving into the details, we found 63% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $181,950, and 8 were calls, valued at $639,314.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $5.0 to $14.0 for SoFi Techs over the recent three 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 $14.0, over the past month.

SoFi Techs Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
SOFI	CALL	SWEEP	BEARISH	01/16/26	$2.73	$2.72	$2.72	$5.00	$245.9K	21.9K	48
SOFI	CALL	TRADE	BEARISH	07/19/24	$0.1	$0.09	$0.09	$8.00	$187.8K	34.4K	16.2K
SOFI	PUT	TRADE	BULLISH	03/21/25	$0.55	$0.52	$0.53	$5.00	$106.0K	5.4K	20
SOFI	CALL	SWEEP	BULLISH	09/20/24	$0.58	$0.55	$0.58	$7.00	$46.3K	14.3K	97
SOFI	CALL	SWEEP	BULLISH	06/28/24	$0.05	$0.03	$0.05	$7.50	$44.5K	14.0K	243

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.

Present Market Standing of SoFi Techs

With a volume of 28,878,124, the price of SOFI is down -2.09% at $6.33.

RSI indicators hint that the underlying stock may be oversold.

Next earnings are expected to be released in 42 days.

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.

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