Market Whales and Their Recent Bets on SOFI Options - SoFi Technologies (NASDAQ:SOFI)

Whales with a lot of money to spend have taken a noticeably bullish stance on SoFi Techs.

Looking at options history for SoFi Techs (NASDAQ:SOFI) we detected 10 trades.

If we consider the specifics of each trade, it is accurate to state that 70% of the investors opened trades with bullish expectations and 30% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $74,800 and 8, calls, for a total amount of $270,920.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $4.0 and $10.0 for SoFi Techs, spanning the last three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in SoFi Techs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to SoFi Techs's substantial trades, within a strike price spectrum from $4.0 to $10.0 over the preceding 30 days.

SoFi Techs Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
SOFI	CALL	SWEEP	BULLISH	01/16/26	$5.00	$52.5K	6.7K	256
SOFI	PUT	TRADE	BULLISH	03/15/24	$10.00	$44.8K	4.0K	201
SOFI	CALL	TRADE	BEARISH	01/17/25	$4.00	$43.0K	4.4K	100
SOFI	CALL	TRADE	BEARISH	06/21/24	$7.00	$33.6K	5.0K	553
SOFI	PUT	SWEEP	BEARISH	02/16/24	$8.50	$30.0K	3.4K	1.1K

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.

Current Position of SoFi Techs

Trading volume stands at 35,567,448, with SOFI's price up by 1.28%, positioned at $7.93.
RSI indicators show the stock to be is currently neutral between overbought and oversold.
Earnings announcement expected in 88 days.

Expert Opinions on SoFi Techs

5 market experts have recently issued ratings for this stock, with a consensus target price of $8.8.

An analyst from Deutsche Bank downgraded its action to Hold with a price target of $11.
Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on SoFi Techs with a target price of $12.
An analyst from Keefe, Bruyette & Woods downgraded its action to Underperform with a price target of $6.
Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on SoFi Techs with a target price of $8.
Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Underweight with a new price target of $6.

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.

SOFISoFi Technologies Inc

$17.22-2.38%

Overview

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