Moderately bullish activity in SoFi Technologies (SOFI), with shares up $1.15, or 4.33%, near $27.70. Options volume running well above average with 469k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.53. Implied volatility (IV30) is higher by 3.1 points near 59.95,and below the 52wk median, suggesting an expected daily move of $1.05. 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:
- SoFi Stock Soars: Analysts Split on Future Prospects
- Mixed options sentiment in SoFi Technologies with shares up 0.83%
- Will SOFI Stock Keep Rallying? Here’s What Wall Street Analysts Say
- Is Gemini’s $3 Billion IPO the Shot Heard Around Crypto or a Bubble about to Burst?
- Figure (FIGR) Debuts on Nasdaq with $787M IPO After Circle’s Success