Get started

Sofi

SOFI - Good Long term Stock HereWeekly chart trading within symmetrical triangle and wave D. Weekly bullish engulfing showing continuation into next week. I like initiating a 1/5 position here with a max 5% allocation. Entry 1: $17.64 (1/5th position of the 5% allocation) Entry 2: $15.71 (adding another 1/5th position of the 5% allocation) - 2/5 invested Entry 3: 14.62 (adding another 1/5th position of the 5% allocation) - 3/5 invested PT: $40.35 - $44.93 for Wave 3 as long as wave 2 low is not breached ($13.14) SL: $10
NASDAQ:SOFILong
by MarketMotion
2
$SOFISoFi Technologies has received a lot of attention from a substantial price movement over the last few months, increasing to US$23.89 at one point, and dropping to the lows of US$13.75 It seems Sofi Technologies has be gaining as a platform, and members seem to be growing. The further development of their app and platform should increase user satisfaction and create networking benefits. SoFi Technologies is just starting its journey and will have a lot to prove before it can become what it sees itself as - an automated banking and financial service platform. The last quarter showed some encouraging growth, but should be taken with a grain of salt because it seems to be reflective of current trends for investing and financial distress because of COVID. Analysts are estimating close to $2b in revenue and a break in profitability after 2023. However, the current market cap for SoFi is US$11.8b, which is reflective of the very long term potential of the company. It may be too early to assess if the company can actually reach that potential, and the current valuation seems a bit speculative. But overall, I think this company has an incredible future ahead. When we move to the technical side of things SoFi Technologies has been a little everywhere but it’s currently sitting on strong support on the higher timeframe and should be a level to watch out for. A break of support could see this stock tumble but if it continues to hold, we could see Sofi move towards the $16 level to fill the gap. Keep this on your watchlist.
NASDAQ:SOFILong
by TheBlankFund
Opening: SOFI October 15th 15 Short Put... for a 1.76 credit. Comments: Adding to my relatively small SOFI position here on weakness as a little bit of an engagement trade while I wait for a higher volatility environment in the broad market or exchange-traded funds. My cost basis in any shares I may get assigned is the strike price (15.00) minus the credit received (1.76) or 13.24. The whole position is 2 x October 15th 20 covered calls, September 17th 15 short put, and (now) October 15th 15 short put. As with my September 17th 15, I'll run this to expiry or approaching worthless and -- if assigned shares -- will proceed to "wheel" it, selling calls against at the strike at which I originally sold my put. I'm comfortable with leaving these on through a vacation since they're kind of a "what happens happens" trade.
NASDAQ:SOFILong
by NaughtyPines
Rolling: SOFI September 17th 20 Covered Calls to October... for a .41/contract credit. Notes: Rolling my covered calls from September to October here with a resulting cost basis of 16.17 (See Post Below) - .42 or 15.76/share. I wanted to do this before more volatility pisses out post-earnings announcement. Still have the September 17th 15 short put on, which I'm intending to run to expiry, since this is a relatively small position and am fine with picking up additional shares if that happens.
NASDAQ:SOFI
by NaughtyPines
SOFI So Good?After plotting the Fib retracement using January's low as the anchor, some really interesting levels started to present themselves...mainly the 786 fib line. Each time it has broken down and tested it, SOFI bounced shortly after. Now that volume is beginning to gain ground, this could get interesting. On top of that you can see that the 618 fib line has also been a technical resistance level this year with SOFI getting rejected more times than it has managed to break and hold above it. Aside from the Social Sentiment being a factor, fintech as a whole has gotten play this year. That's not only for COVID helping advance "social distancing" stocks but also the fact that people just don't want to be bothered by going to a bank if they can do things virtually. "In the second quarter of this year, the U.S. GDP shot up by around 6.5%, indicating that expansion is well underway following the onset of the pandemic. Right now we have to consider the effects of the Delta variant on a reopening economy. In line with this, investors should understand what this means for stocks across the board. With the tech industry, investors remain bullish on the potential impact of the pandemic. As we saw early on in the course of Covid, many tech stocks were able to benefit greatly. The increased need for new tech products and better work-from-home/educate-from-home offerings created a highly bullish environment for the tech industry." Quote Source & Read More: 3 Tech Penny Stocks To Watch In August 2021
NASDAQ:SOFI
by PennyStocks101
Trend Reversal! SOFI is ready to blast some shortsSOFI has performed a solid crossover of the 14 period Linear Regression Line over the 30 period regression line on CMF trending towards positive. The slope of the 30-period linear regression line has also turned slightly positive, confirming another aspect of my system. After today's 9% gain, it's likely that Redditors will be pouring into this one again, which could send it substantially higher. Long with confidence. Backtest of my RLCO system on /ES (hourly trades): imgur.com
NASDAQ:SOFILong
by David_Warren_Ellison
1
Exercising: SOFI 2 x 15 August 20th Long Calls... and closing August 20th 20 Short Call and opening September 2x 20 Short Calls. Notes: This is a trade that started out as a call ratio where I bought 2 x the 15's calls and sold a 20 call in the August 20th expiry, after which it promptly moved toward 15. I'm inclined to think that it will need more time to work out, so exercised the long calls today to take on a two-lot of shares before more of the extrinsic value pisses out of them and then proceeded to sell calls against the two-lot in the September monthly. In a nutshell, I'm converting it to a 2 lot of September 17th 20 covered calls, which was basically my original plan if I didn't get a fairly immediate move. Here's the math: Original Setup: 5.79 Debit Exercise of the Long Calls and Close of the August 20th 20 Short Call: 27.75 Subtotal: 33.54 debit ($3354) Cost Basis Per Share: 33.54/2 = 16.77 September 20th 20 Calls: .60/contract Credit Resulting Cost Basis: 16.17/share And we'll see how things go from here.
NASDAQ:SOFILong
by NaughtyPines
3