Record option volume in SoFi as shares jump 20% post earnings

Record option volume in SoFi as shares jump 20% post earnings. A record 1.36m contracts traded in SoFi Technologies today with calls leading puts 7 to 3 and shares closing up $1.54, or 20.2%, at $9.16. Underlying volume topped 284M shares, also a record. Today’s move was slightly larger than that implied by Friday’s closing straddle and is very close to the 19.9% rise seen post-earnings last July. 2/2 Weekly contracts made up 52% of the volume, including 140k 2/2 9 calls trading from 29 to 68c (48.7c vwap).