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Closing call block in SoFi Technologies involves flex, closes

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.

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Published first on TheFly

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