Spotlight on SoFi Technologies: Analyzing the Surge in Options Activity - SoFi Technologies (NASDAQ:SOFI)

Core Insights - Whales have adopted a bearish stance on SoFi Technologies, with 53% of trades being bearish and only 35% bullish [1] - The trading volume and open interest indicate a price target range for SoFi Technologies between $1.0 and $47.0 over the last three months [2] - Significant options trades show a mix of bullish and bearish sentiments, with notable put and call trades [7] Trading Activity - A total of 28 trades were detected for SoFi Technologies, with 6 puts totaling $580,710 and 22 calls totaling $1,081,201 [1] - The volume and open interest data provide insights into the liquidity and interest for SoFi's options, particularly within the $1.0 to $47.0 strike price range over the last 30 days [3] Options Snapshot - Recent significant options trades include a bearish put trade with a total price of $338.9K and a bullish call trade with a total price of $229.5K [7] - The current trading volume for SoFi Technologies is 27,172,853, with a price decrease of 2.11%, reaching $27.03 [12] Company Overview - SoFi Technologies, founded in 2011 and based in San Francisco, has expanded from student loan refinancing to a comprehensive range of financial services [8] - The company aims to be a one-stop shop for financial needs, operating through its mobile app and website, and has enhanced its offerings through the acquisition of Galileo in 2020 [8] Market Sentiment - An industry analyst has set an average target price of $28.0 for SoFi Technologies, maintaining a Hold rating [9][10]