SoFi Techs Option Alert: Aug 11 $11 Calls Sweep (19) near the Ask: 1560 @ $0.33 vs 2815 OI; Ref=$10.535
Portfolio Pulse from Charles Gross
There has been a significant options activity in SoFi Technologies, with a sweep of 1560 calls at $11 strike price for August 11, compared to an open interest of 2815. The reference price is $10.535.
August 04, 2023 | 9:42 am
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POSITIVE IMPACT
Increased options activity in SoFi Technologies could indicate bullish sentiment among investors, potentially driving the stock price up in the short term.
The increased options activity, specifically the call options, suggests that investors are expecting the price of SoFi Technologies to rise. This could potentially lead to an increase in the stock price in the short term as more investors buy into the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100