Smart Money Is Betting Big In SOFI Options

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

Looking at options history for SoFi Techs SOFI we detected 13 trades.

If we consider the specifics of each trade, it is accurate to state that 76% of the investors opened trades with bullish expectations and 23% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $167,990 and 8, calls, for a total amount of $304,853.

Projected Price Targets

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 $15.0 for SoFi Techs over the last 3 months.

Insights into 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 $15.0, over the past month.

SoFi Techs Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
SOFI CALL SWEEP BULLISH 01/17/25 $0.47 $0.46 $0.47 $15.00 $52.2K 172.2K 1.5K
SOFI CALL SWEEP BULLISH 05/17/24 $1.7 $1.69 $1.7 $6.00 $51.0K 3.7K 304
SOFI CALL SWEEP BULLISH 01/17/25 $3.35 $2.96 $3.35 $5.00 $50.2K 22.4K 5
SOFI PUT TRADE BULLISH 05/10/24 $0.67 $0.65 $0.65 $7.50 $39.0K 855 56
SOFI PUT SWEEP BEARISH 06/21/24 $0.6 $0.58 $0.6 $7.00 $36.8K 23.0K 931

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.

Where Is SoFi Techs Standing Right Now?

  • Trading volume stands at 15,785,565, with SOFI's price up by 0.13%, positioned at $7.57.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 18 days.

Expert Opinions on SoFi Techs

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $10.125.

  • In a cautious move, an analyst from Citigroup downgraded its rating to Buy, setting a price target of $11.
  • An analyst from Needham downgraded its action to Buy with a price target of $10.
  • An analyst from Jefferies has decided to maintain their Buy rating on SoFi Techs, which currently sits at a price target of $12.
  • An analyst from Keefe, Bruyette & Woods has elevated its stance to Market Perform, setting a new price target at $7.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest SoFi Techs options trades with real-time alerts from Benzinga Pro.

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Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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