SoFi Technologies, an online lender turned digital bank, is expanding its trading services for customers of SoFi Invest. SoFi announced on Thursday that customers with active investment accounts can now apply for fee-free Level 1 options trading, including covered calls and cash-secured puts.An option is a contract giving an investor the right, but not the obligation, to buy or sell the underlying asset at a specific price on or before a certain date. Trading options is a strategy that some investors use t ...

Group 1 - SoFi's shares increased by approximately 8.6%, reaching a new 52-week high of $18.92, with no clear reason for the surge [1] - The company announced new crypto initiatives, including global remittances and crypto investing, which are part of a broader strategy for crypto and blockchain innovations [2][4] - There is growing investor optimism regarding potential interest rate cuts by the Federal Reserve, with a 75% probability of a quarter-point cut at the September meeting, up from 66.5% [5] Group 2 - SoFi reported a 20% year-over-year revenue growth in Q1 2025 and is now generating profits, indicating significant progress and growth potential [6] - The company's stock is currently trading at 67 times forward earnings, suggesting it may be overvalued, prompting a recommendation to wait for more favorable entry points [6]