Someone who has a lot of money to spend has taken a bullish stance on this sophie tech Sophie,
And retail traders should know.
We noticed this today when large positions appeared on the publicly available options history that we track here at Benzinga.
Whether it is some institution or just a wealthy person, we do not know. But when something this big happens with SOFI, it often means that someone knows something is going to happen.
So how do we know what this whale just did?
Today, benzingaK Options Scanner spots 12 unusual options trades for SoFi Techs.
this is not normal.
The overall sentiment among these big money traders is split between 66% bullish and 33% bearish.
Of all the special options we found, 9 were puts, for a total amount of $659,346, and 3 were calls, for a total amount of $282,400.
What is a price target?
Considering the volume and open interest on these contracts, it appears that whales are targeting a price range of $3.0 to $7.5 for SoFi Tech over the past 3 months.
Volume and Open Interest Development
In terms of liquidity and interest, the average open interest for SoFi Techs Options trades today stood at 8734.43 with a total volume of 35,882.00.
In the following chart, we are able to observe the evolution of call and put option volume and open interest for SoFi Techs large money trades within the strike price range of $3.0 to $7.5 over the past 30 days.
SoFi Tech’s Option Volume and Open Interest over the last 30 days
Largest options seen:
| Sign | put/call | business type | Rate | Exp. date | strike price | net trade value | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| Sophie | call | sweep | fast | 07/21/23 | $6.00 | $124.0K | 8.7 thousand | 3.0K |
| Sophie | call | Business | fast | 01/17/25 | $5.00 | $108.9K | 16.5 thousand | 716 |
| Sophie | Keep | sweep | fast | 04/21/23 | $7.50 | $106.5K | 5.5 thousand | 508 |
| Sophie | Keep | sweep | recession | 04/21/23 | $7.50 | $103.5K | 5.5 thousand | 1.0K |
| Sophie | Keep | sweep | fast | 04/21/23 | $7.50 | $102.5K | 5.5 thousand | 1.5 thousand |
| Sign | put/call | business type | Rate | Exp. date | strike price | net trade value | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| Sophie | call | sweep | fast | 07/21/23 | $6.00 | $124.0K | 8.7 thousand | 3.0K |
| Sophie | call | Business | fast | 01/17/25 | $5.00 | $108.9K | 16.5 thousand | 716 |
| Sophie | Keep | sweep | fast | 04/21/23 | $7.50 | $106.5K | 5.5 thousand | 508 |
| Sophie | Keep | sweep | recession | 04/21/23 | $7.50 | $103.5K | 5.5 thousand | 1.0K |
| Sophie | Keep | sweep | fast | 04/21/23 | $7.50 | $102.5K | 5.5 thousand | 1.5 thousand |
Where does SoFi Tech stand now?
- With a volume of 25,743,169, SOFI price increased by 6.99% to $5.58.
- The RSI indicator is indicating that the underlying stock is currently trading in a neutral position between overbought and oversold.
- The next earnings release is expected in 49 days.
Options are a riskier asset than stock trading, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scalping 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 Provides you with real-time options trade alerts.