SoFi Techs Option Alert: Jan 19 $11 Calls Sweep (7) near the Ask: 585 @ $1.12 vs 15816 OI; Earnings 7/31 Before Open Ref=$8.955
Portfolio Pulse from Charles Gross
There has been a significant options activity on SoFi Technologies, with a sweep of 585 contracts for January 19 $11 calls near the ask price of $1.12. This is compared to an open interest of 15816. The company is expected to release its earnings on July 31 before the market opens.
July 14, 2023 | 3:00 pm
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POSITIVE IMPACT
Increased options activity on SoFi Technologies could indicate that investors are expecting significant price movement. The upcoming earnings release could also impact the stock price.
The increased options activity, particularly the sweep of calls, suggests that investors are expecting the price of SoFi Technologies to rise. This is further emphasized by the upcoming earnings release, which could either drive the price up if the results are better than expected, or down if they are worse.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100