Option traders moderately bearish in SoFi Technologies (SOFI), with shares down $1.58 near $20.18. Options volume roughly in line with average with 310k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.58. Implied volatility (IV30) is higher by 5.6 points near 63.51,and above the 52wk median, suggesting an expected daily move of $0.81. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Overweight at JPMorgan.
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