SoFi Technologies Sees Bearish Options Activity Amidst Price Dip
SoFi Technologies Sees Bearish Options Activity Amidst Price Dip
Recent market activity shows that SoFi Technologies (SOFI) has experienced a slight dip in its stock price. The stock was down by -0.7%, trading at $7.05. This movement comes as "big money" investors have been observed making unusual options trades on the company's shares, suggesting a notable shift in sentiment.
A closer look at these trades reveals a predominantly bearish sentiment among these institutional investors. A total of 10 unusual options trades were identified for SOFI. Out of these, 7 were "puts," which are typically bets on a stock's price falling, while 3 were "calls," which are bets on a price increase. This clear imbalance points towards a prevailing negative outlook from these larger players.
The total volume for these specific options trades reached 1,180, with a total open interest of 1,005. These trades involved strike prices ranging from $6.0 to $10.0, and their expiration dates varied from 1 day to 147 days. The detection of such significant options activity, particularly with a strong lean towards bearish positions, often signals how some larger investors might be viewing the stock's near-term prospects following its recent price change. This kind of activity can be a point of interest for those tracking SOFI's market movements.
