Deep-pocketed investors have adopted a bullish approach towards SoFi Technologies (NASDAQ:SOFI), 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 13 extraordinary options activities for SoFi Technologies. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 69% leaning bullish and 23% bearish. Among these notable options, 3 are puts, totaling $884,370, and 10 are calls, amounting to $572,673.
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 $14.0 to $30.0 for SoFi Technologies over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for SoFi Technologies's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of SoFi Technologies's whale activity within a strike price range from $14.0 to $30.0 in the last 30 days.
SoFi Technologies Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SOFI | PUT | SWEEP | BEARISH | 01/15/27 | $9.95 | $9.9 | $9.95 | $30.00 | $821.8K | 17.3K | 49 |
| SOFI | CALL | TRADE | BULLISH | 07/17/26 | $4.35 | $4.35 | $4.35 | $21.00 | $108.7K | 276 | 250 |
| SOFI | CALL | TRADE | BULLISH | 06/16/28 | $9.5 | $9.5 | $9.5 | $20.00 | $95.0K | 7.8K | 123 |
| SOFI | CALL | TRADE | BULLISH | 06/16/28 | $9.2 | $8.9 | $9.15 | $23.00 | $91.5K | 2.5K | 100 |
| SOFI | CALL | TRADE | BULLISH | 03/20/26 | $8.95 | $8.95 | $8.95 | $14.00 | $53.7K | 343 | 0 |
About SoFi Technologies
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.
Where Is SoFi Technologies Standing Right Now?
- Trading volume stands at 22,380,378, with SOFI's price down by -1.25%, positioned at $22.52.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 85 days.
Expert Opinions on SoFi Technologies
In the last month, 3 experts released ratings on this stock with an average target price of $28.33.
- An analyst from Goldman Sachs has decided to maintain their Neutral rating on SoFi Technologies, which currently sits at a price target of $24.
- An analyst from Needham has decided to maintain their Buy rating on SoFi Technologies, which currently sits at a price target of $33.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on SoFi Technologies with a target price of $28.
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.
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