Deep-pocketed investors have adopted a bullish approach towards SoFi Techs , 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:

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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* 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.

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