A whale with a lot of money to spend has taken a noticeably bearish stance on SoFi Techs.
Looking at options history for SoFi Techs SOFI we detected 14 strange trades.
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $75,920 and 12, calls, for a total amount of $539,435.
What's The Price Target?
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 $12.0 for SoFi Techs over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for SoFi Techs options trades today is 15784.36 with a total volume of 12,665.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for SoFi Techs's big money trades within a strike price range of $5.0 to $12.0 over the last 30 days.
SoFi Techs Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SOFI | CALL | SWEEP | BEARISH | 12/15/23 | $9.00 | $147.3K | 18.7K | 2.2K |
| SOFI | CALL | SWEEP | BULLISH | 09/08/23 | $6.00 | $47.8K | 216 | 200 |
| SOFI | CALL | SWEEP | BEARISH | 09/15/23 | $8.00 | $44.0K | 2.9K | 833 |
| SOFI | CALL | SWEEP | BEARISH | 01/19/24 | $10.00 | $41.2K | 53.5K | 724 |
| SOFI | PUT | TRADE | BULLISH | 01/19/24 | $7.50 | $39.6K | 29.8K | 617 |
Where Is SoFi Techs Standing Right Now?
- With a volume of 10,986,970, the price of SOFI is down -0.53% at $8.53.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 53 days.
What The Experts Say On SoFi Techs:
- Citigroup has decided to maintain their Buy rating on SoFi Techs, which currently sits at a price target of $12.
- JP Morgan has decided to maintain their Neutral rating on SoFi Techs, which currently sits at a price target of $10.
- Piper Sandler has decided to maintain their Neutral rating on SoFi Techs, which currently sits at a price target of $9.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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