Large Investors Turn Bearish on SoFi Technologies, Favoring Puts Over Calls

Recent analysis shows that large investors, commonly referred to as “whales,” have adopted a bearish outlook on SoFi Technologies. A review of the options history for SoFi, listed under the ticker SOFI, reveals a total of 14 trades performed. Out of these transactions, just 35% of investors had bullish expectations, while a significant 64% went into trades that suggest a bearish sentiment.

Diving deeper into the specifics of the trades, six were categorized as puts, amounting to approximately $865,453. In contrast, eight trades were calls, reaching a total of $274,270. The data highlights that these whales are focusing on a price range for SoFi shares between $3.00 and $10.00 over the past three months. Monitoring both volume and open interest helps traders gauge how actively investors are engaging in these options, which can indicate liquidity and interest in SoFi’s trades.

SoFi Technologies, founded in 2011 in San Francisco, originally specialized in student loan refinancing. The company has since expanded into various financial services, including personal loans, credit cards, and investment accounts. Its goal is to provide a comprehensive range of financial services through its digital platforms. Recently, professional analysts have been discussing the stock, with an average price target set at around $8.33. While trading options can carry higher risks compared to typical stock trading, dedicated options traders often manage this risk through continuous education and utilizing multiple trading indicators. For those interested in SoFi, staying updated on real-time options trades can provide valuable insights.