SoFi Techs Option Alert: Fri $8 Puts at the Bid: 10000 @ $0.13 vs 8064 OI; Earnings 8/1 After Close [est] Ref=$8.415
Portfolio Pulse from Charles Gross
SoFi Technologies has an option alert for Friday $8 puts at the bid with 10,000 contracts at $0.13 versus 8,064 open interest. Earnings are estimated to be released on 8/1 after the market close. The stock is currently trading at $8.415.
June 20, 2023 | 4:07 pm
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SoFi Technologies sees increased put options activity, indicating potential bearish sentiment ahead of earnings release on 8/1.
The increased put options activity for SoFi Technologies suggests that investors may be expecting a decline in the stock price following the earnings release on 8/1. The higher volume of put options compared to open interest indicates a potential bearish sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100