Closing call block in SoFi Technologies involves flex, closes. Shares off 23c, or 2.78, near $8.26 this afternoon with notable flow on the Cboe floor where a customer paid 84c for 21k Aug 8 calls, confirmed by open-close data to be a closing customer buyer with the executing firm facilitating the block. Data also shows a customer selling the SOFI flex 8/18 5.5/6.5 put spread for 20c to close part of the 47k open. Action is similar to flow on 6/16 when shares were $8.65 and 22k calls were bought to close for 1.54 as shares traded $8.65, and the flex put spread traded 14.5c 23k times. Trade history shows these positions date back to May 23rd when shares were near $5.33. Following the 5/23 entry, shares ran up nearly 82%, topping out near $9.75 on 6/14.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on SOFI:
- SOFI Stock Tumbles on New Sell Rating
- Compass Point starts SoFi with a Sell, calls ‘difficult to justify’ owning
- SoFi Technologies initiated with a Sell at Compass Point
- SoFi Technologies Stock’s (NASDAQ:SOFI) Slew of Downgrades Should Make You Think Twice
- SOFI Stock Tanks as Analysts Downgrade to Hold