SoFi Techs's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing a bearish sentiment on SoFi Techs (NASDAQ:SOFI) through options trading, with 50% of trades being bearish. The trading volume and open interest suggest a focus on a price range between $3.0 and $12.0. The stock is currently trading at $7.26, up by 3.05%, but RSI indicators suggest it may be approaching overbought territory.
September 11, 2024 | 6:32 pm
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Options trading on SoFi Techs shows a bearish sentiment with 50% of trades being bearish. The stock is currently up 3.05% at $7.26, but RSI indicators suggest it may be overbought.
The options trading data shows a significant bearish sentiment among high-rolling investors, which could indicate a potential downturn in the stock price. Despite the current price increase, the RSI suggests the stock may be overbought, adding to the likelihood of a price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100