Moderately bullish activity in SoFi Technologies (SOFI), with shares up 6c, or 0.39%, near $15.29. Options volume roughly in line with average with 269k contracts traded and calls leading puts for a put/call ratio of 0.55, compared to a typical level near 0.54. Implied volatility (IV30) is higher by 1.7 points near 70.03,in the top quartile of the past year, suggesting an expected daily move of $0.67. Put-call skew steepened, indicating increased demand for downside protection.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SOFI:
- SpaceX considering cutting Robinhood, SoFi from IPO, Reuters says
- SoFi needs restatement ‘much larger’ than $312M, Muddy Waters says
- Analysts Cheer SoFi’s $3.6B Loan Platform Deals, Say They Will ‘Drive the Stock Upwards’
- SoFi Stock Sinks as Growth Story Sparks Mixed Bets
- Mixed options sentiment in SoFi Technologies with shares down 4.1%