Financial giants have made a conspicuous bearish move on SoFi Technologies. Our analysis of options history for SoFi Technologies (NASDAQ:SOFI) revealed 39 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 48% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $207,054, and 34 were calls, valued at $2,629,155.
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 $3.0 and $47.0 for SoFi Technologies, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for SoFi Technologies'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 Technologies's significant trades, within a strike price range of $3.0 to $47.0, over the past month.
SoFi Technologies Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SOFI | CALL | TRADE | BEARISH | 02/27/26 | $3.9 | $3.65 | $3.65 | $18.00 | $730.0K | 76 | 2.0K |
| SOFI | CALL | SWEEP | BULLISH | 06/16/28 | $7.9 | $7.4 | $7.9 | $25.00 | $237.0K | 7.0K | 591 |
| SOFI | CALL | TRADE | BEARISH | 01/21/28 | $5.65 | $5.55 | $5.55 | $30.00 | $222.0K | 8.7K | 125 |
| SOFI | CALL | TRADE | BEARISH | 02/27/26 | $3.7 | $3.65 | $3.65 | $18.00 | $182.5K | 76 | 4.5K |
| SOFI | PUT | TRADE | NEUTRAL | 01/15/27 | $1.81 | $1.74 | $1.77 | $15.00 | $88.5K | 66.0K | 531 |
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.
Following our analysis of the options activities associated with SoFi Technologies, we pivot to a closer look at the company's own performance.
Present Market Standing of SoFi Technologies
- With a volume of 41,667,895, the price of SOFI is up 2.92% at $21.47.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 78 days.
Professional Analyst Ratings for SoFi Technologies
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $31.33.
- An analyst from JP Morgan upgraded its action to Overweight with a price target of $31.
- An analyst from Needham has decided to maintain their Buy rating on SoFi Technologies, which currently sits at a price target of $33.
- An analyst from Citizens upgraded its action to Market Outperform with a price target of $30.
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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