Mixed options sentiment in SoFi Technologies (SOFI), with shares up 18c, or 1.14%, near $16.03. Options volume running well above average with 209k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.56. Implied volatility (IV30) dropped 0.52 near 49.86,in the bottom quartile of the past year, suggesting an expected daily move of $0.50. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SOFI:
- Sell Rating for SoFi Technologies Due to Aggressive Accounting Practices and Overvaluation
- SoFi Technologies, Benzinga announce new partnership
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
- SoFi Stock Jumps 6% — Can the Rally Continue?
- Mixed options sentiment in SoFi Technologies with shares up 4.92%