SOFI

compound_gains

SOFI added to Russel 3000 index! 💴💰💴💰🤞

No_Cow_8702

Why I took my profit and dipped out...... ​ I'll be back come December after the PIPE lock-up date. I have enough PTSD from bagholding SOFI.

compound_gains

SOFI added to Russel 3000 index. Massive volumes today. Squeeze next week? 💰💴💰💴🤞

Outrageous-Win-9449

Aborting my bags via covered calls 😎 Byebye FSR, RSI and SOFI 👋

captainstrange94

SOFI had a single 40M candle at the end WTF is that a glitch

compound_gains

Good times for SOFI ahead?

travis0548

excellent time to buy SOFI calls

Whoopiskin

I really love that I sold over 1k of my SOFI calls yesterday, because apparently that's always how it fucking works. God damn

Zedeal_Life440

Wtf even mega tech stocks going up higher than SOFI

Sudden_Neat_5400

Watching SOFI is like watching the Challenger explosion every day.

ATiBright

Well I grabbed SOFI calls just after open which helped ease the pain of the puts I grabbed yesterday afternoon. Definitely a rough time to have went 🌈🐻 though

stretch_my_scrotum

What I’d give for a huge day from SOFI. It’ll never happen though

MarilynMonheaux

I’m holding some SOFI bags. Thanks a lot Brandon.

HumbleBJJ

Individual Account: VTI 28% GOOGL 20% MSFT 16% AAPL 10% BX 10% BAM 8% TGT 4% TMO 3% SOFI 1% Been just VTI and chill to get to 50%. Just been adding to it each month. Keep doing so or should think about adding anything additionally separately?

M_is_for_Mmmichael

SOFI!

BigTechEqualsValue

Need to unload my SOFI bags so damn badly this isn't funny anymore. Cost avg of 20$

Stock_Whisperer06

Anyone extremely bearish on SOFI? [thinking about loading up](https://www.makingamillennialmillionaire.com/post/could-sofi-fund-your-portfolio-s-growth)

IPOFthrowaway

Everyone see the unusual IPOF volume lately? Cowen and Company, a NYC investment bank, is a Miax Pearl Equities member for equities order entry and clearing. They are responsible for the majority of the volume surges on Miax we have seen for IPOF. There is at least one more, unknown at this time, player involved as well, as evidenced most notably in early June and again last Friday when total Miax volume was substantially higher then Cowen volume alone. The trading styles of large R6 Intermarket Sweep Orders in rapid succession, usually occurring in a brief window during each day, is consistent. Cowen traded 55 million shares between May 26 and June 13, another exactly 3 million last Friday and a couple million more this week, and has traded 111 million since the unusual Miax volume began on March 18. Cowen sold 4.8 million shares of their reported IPOF holdings during Q1 2022. This can be seen by the spike in trading in Cowen volume for IPOF in January. However, it wasn't on Miax. Their obsession with trading on Miax started on March 18. Cowen is advising Akili on their merger with Chamath's DNAA SPAC that was announced in January. Cowen and Chamath/Social Capital presumably have a positive working relationship together. Shortly after March 18, Chamath bragged about his SPAC abilities and how he'd be one of the last SPAC sponsor standing. Cowen is not a Market Maker and there is no clear and obvious reason why they'd have this kind of IPOF volume. They have not reported holdings in excess of what would trigger a reporting requirement. There is also no obvious reason why the trading would need to happen on Miax. Social Capital does have a connection to Miax via Syndica, a Social Capital Investment, helping build the infrastructure to allow Miax data reporting on the Pyth Network.  On these unusual trading days, IPOF is by far the most heavily traded US common stock by volume on Miax. I do not know with certainty what is happening. But it is not beyond the realm of possibility that Cowen and Social Capital are working together, possibly to fundamentally alter the structure of IPOF to either reduce or eliminate the dilutive effect of either or both warrants or sponsor shares, or to help the accumulation of shares to otherwise aid in a merger. Social Capital and Chamath, via a web of entities like SCH Sponsor, ChaChaCha, and others, are already beneficial owners of a significant amount of Class A shares through derivative agreements on their Class B shares. Chamath likes to use these entities to trade in his companies, and has done so, post-merger, with CLOV, OPEN, and SOFI. Again, I do not know what is actually happening. It is equally possible this good for IPOF holders, bad for IPOF holders, or meaningless. But it is interesting. Anyone want to help fill in the blanks?

IPOFthrowaway

Cowen and Company, a NYC investment bank, is a Miax Pearl Equities member for equities order entry and clearing. They are responsible for the majority of the volume surges on Miax we have seen for IPOF. There is at least one more, unknown at this time, player involved as well, as evidenced most notably in early June and again last Friday when total Miax volume was substantially higher then Cowen volume alone. The trading styles of large R6 Intermarket Sweep Orders in rapid succession, usually occurring in a brief window during each day, is consistent. Cowen traded 55 million shares between May 26 and June 13, another exactly 3 million last Friday, and has traded 105 million since the unusual Miax volume began on March 18. Cowen sold 4.8 million shares of their reported IPOF holdings during Q1 2022. This can be seen by the spike in trading in Cowen volume for IPOF in January. Notice how it wasn't on Miax? Their obsession with trading on Miax started on March 18. Cowen is advising Akili on their merger with Chamath's DNAA SPAC that was announced in January. Cowen and Chamath/Social Capital presumably have a positive working relationship together. Shortly after March 18, Chamath bragged about his SPAC abilities and how he'd be one of the last SPAC sponsor standing. Cowen is not a Market Maker and there is no clear and obvious reason why they'd have this kind of IPOF volume. They have not reported holdings in excess of what would trigger a reporting requirement. There is also no obvious reason why the trading would need to happen on Miax. Social Capital does have a connection to Miax via Syndica, a Social Capital Investment, helping build the infrastructure to allow Miax data reporting on the Pyth Network.  On these unusual trading days, IPOF is by far the most heavily traded US common stock by volume on Miax. I do not know with certainty what is happening. But it is not beyond the realm of possibility that Cowen and Social Capital are working together, possibly to fundamentally alter the structure of IPOF to either reduce or eliminate the dilutive effect of either or both warrants or sponsor shares, or to help the accumulation of shares to otherwise aid in a merger. Social Capital and Chamath, via a web of entities like SCH Sponsor, ChaChaCha, and others, are already beneficial owners of a significant amount of Class A shares through derivative agreements on their Class B shares. Chamath likes to use these entities to trade in his companies, and has done so, post-merger, with CLOV, OPEN, and SOFI. Again, I do not know what is actually happening. It is equally possible this good for IPOF holders, bad for IPOF holders, or meaningless. But it is interesting. Anyone want to help fill in the blanks?

IPOFthrowaway

Cowen and Company, a NYC investment bank, is a Miax Pearl Equities member for equities order entry and clearing. They are responsible for the majority of the volume surges on Miax we have seen for IPOF. There is at least one more, unknown at this time, player involved as well, as evidenced most notably in early June and again on Friday when total Miax volume was substantially higher then Cowen volume alone. The trading styles of large R6 Intermarket Sweep Orders in rapid succession, usually occurring in a brief window during each day, is consistent. Cowen traded 55 million shares between May 26 and June 13, another exactly 3 million on Friday, and has traded 105 million since the unusual Miax volume began on March 18. Cowen sold 4.8 million shares of their reported IPOF holdings during Q1 2022. This can be seen by the spike in trading in Cowen volume for IPOF in January. Notice how it wasn't on Miax? Their obsession with trading on Miax started on March 18. Cowen is advising Akili on their merger with Chamath's DNAA SPAC that was announced in January. Cowen and Chamath/Social Capital presumably have a positive working relationship together. Shortly after March 18, Chamath bragged about his SPAC abilities and how he'd be one of the last SPAC sponsor standing. Cowen is not a Market Maker and there is no clear and obvious reason why they'd have this kind of IPOF volume. They have not reported holdings in excess of what would trigger a reporting requirement. There is also no obvious reason why the trading would need to happen on Miax. Social Capital does have a connection to Miax via Syndica, a Social Capital Investment, helping build the infrastructure to allow Miax data reporting on the Pyth Network.  On these unusual trading days, IPOF is by far the most heavily traded US common stock by volume on Miax. I do not know with certainty what is happening. But it is not beyond the realm of possibility that Cowen and Social Capital are working together, possibly to fundamentally alter the structure of IPOF to either reduce or eliminate the dilutive effect of either or both warrants or sponsor shares, or to help the accumulation of shares to otherwise aid in a merger. Social Capital and Chamath, via a web of entities like SCH Sponsor, ChaChaCha, and others, are already beneficial owners of a significant amount of Class A shares through derivative agreements on their Class B shares. Chamath likes to use these entities to trade in his companies, and has done so, post-merger, with CLOV, OPEN, and SOFI. Again, I do not know what is actually happening. It is equally possible this good for IPOF holders, bad for IPOF holders, or meaningless. But it is interesting. Anyone want to help fill in the blanks?

Ka12n

SOFI, a bank for poor people. Sounds like a great business model going into a recession.

cbusoh66

SOFI still around???

nailattack

You have 6 months and your contracts are pretty close to ITM. I don’t watch SOFI so I can’t say whether or not it’s a good investment. But personally I’d keep a few of those just in case. You’re only down 14%, and you entered the position because you had conviction at these levels. Maybe cash most of your position and keep a couple dozen contracts?

chavingia

FUBO/SOFI puts. These 2 are gonna get DRILLED the rest of the week.

J_da_CPA

Sup with SOFI. CEO has lots of confidence

Uisce-beatha

I feel attacked but the SOFI are Jan 2024 and HOOD is Jul 15

Contextual-Investor

I’ve decided to load up on absolute dogshit: NIO 24c 7/1 HOOD 7.5c 7/1 SOFI 5.5c 7/1 You have been warned

Contextual-Investor

Picked up SOFI 5c 7/1s DD? Idk maybe it’ll move or something 

KryptoSC

I have added SOFI to my list. It will show up next time. Sorry, but the list of stocks I have is mostly a Russell 3000 list with several dozen other stocks. According to a few sites, SOFI is projected to have 40%+ annual earnings growth over the next 5 yrs, so overall there's a bullish sentiment.

stretch_my_scrotum

SOFI is straight garbage I swear

buy_the_peaks

SOFI. You can add a little more over time to get to 100 shares and then sell OTM covered calls to make a little money too.

makaros622

SOFI

sonofalando

What do you guys think? Sell 10 2024 5p and buy 10 2024 7.5c synthetic long with $5000 collateral. SOFI Yay or nay?

Intelligent_Mix1756

How is $SOFI going?

Adorable_Ad8515

SOFI is a long Hold, not a good environment for calls with this stock, Holdding around 5000 in stock.

sonofalando

What’s the bull case on SOFI?

stretch_my_scrotum

Anyone else have SOFI? It’s such dog shit. These Jan 2023 $6 calls are just stuck.

cbusoh66

SOFI will not exist 5 years from now, maybe earlier. It’s easy to burn through money when Fed rate is 0.12% and the idea that they can use cheap money to expand and grow until they’re profitable, well, Mr. Powell put a wrench into that plan. I would not be surprised if they declare bankruptcy in a year or two.

floppy_panoos

SPY Calls: ITM VIX Puts: ITM SOFI shares: Green This won't last but I'm enjoying it for now.

Outrageous-Win-9449

Sold to Open CCs: RSI SOFI FSR Already open CCs: IONQ BODY Attempting to sell more RIDE 😠

Ok_Bug7000

If you like this HOOD squeeze the you can jump on SOFI before it's their turn!

BrokeSingleDads

👍 SOFI is a bank

DRMRCX

It's a favorite of shady big Youtubers because it brings views and of the portion of retail that spent a lot of time in memestocks and the GMEmania. Many of which migrated to r/stocks. Personally, I'd stay out of it. I see NOTHING that would make SOFI a worthwhile investment for me. Some general advice: Please don't consider opening a position in any company just because some guy you know believes in it. Do your own work as much as possible, and at the very least try to gage WHY other people like the company, and if there's any substance to it or if it's just hype, propaganda and speculation.

Steel-Dagger

I have been shorting SOFI since it was 20$ so can’t really give you answer but the company is terrible and reverse split actually have made me to add even more dry power shorting it. Closing my short position at 1b market value

Chadmium1

ahh SOFI and PLTR...the youtuber favorites. let me guess "Amazon of fintech" and "bank charter" were two phrases he used.

RUSH-Scrubz

Meme stocks bout to moon in July. RIVN SPCE SOFI CLOV all boutta go up 50% minimum 🚀🚀🚀

BrokeSingleDads

Introduction of Options will help SOFI along with Interest rate hikes from the feds always helps banks...

BrokeSingleDads

I love SOFI only for the simple fact they're a bank now and have extended hours on trading g and are going to OFFER OPTIONS !!! Retail loves to throw money at options...

Mental-Version2890

SOFI is popular here but there are other online banks that are publicly traded, aren’t SPACs, and actually make money for investors.

Vast_Cricket

Research it. I bought SOFI stock because of the superbowl. It did get some visibility during the game. All Fin and Fintech stocks are getting flatten. Look at Paypal getting bbqed and prices are still falling like a rock.

inthemindofadogg

Down over 50 on SOFI and PLTR.

taintmoun

Demand will be diminishing in traditional mortal and brick stores where they fail to accomodate the needs of aging population. For instance if AMZN can offer free delivery with drones within 2hrs of grocery orders, why would anyone bother to go to WMT? Same goes for JPM/BAC as compared to SOFI/PYPL/UPST (btw when's your last time you actually needed cash? I haven't touched any cash since late 2019) The demand will soar into those companies who can provide the services while the demand will die for those who can't provide the service. This is all deflationary forces that requires QE and unlimited money printing.

International_Arm843

okay man you win SOFI to the moooon, fundamentals don't matter bro, such technology wow. When will retail understand burning money is not a good thing, dillution is not a good thing! But cash on hand bro, book value bro. It's sad cause i actually like the stock and company but people are not comprehending that sofi just like robinhood can go bankrupt even though they both have ALOT of money on hand Ty for re -affirming to me the market is no where near bottom yet, don't bother with ur 3 word reply ignoring all my points, i'm done here, I was honestly thinking of selling off my LEAP PUTS for a hefty profit but it seems like there's plenty of room to go down with all the "geniuses" around still

SnipahShot

I have only 9 stocks that I am in but my 5 favorite are - SOFI, O, INTC, AMZN, MSFT

japantrepreneur

TSLA, DM, SOFI, NVDA, GOOG All leaders in their fields (in one way or another, best tech, fastest growth, etc.). The smaller, the more “on sale” they are at the moment. DM is going to help me retire early.

Little_Objective_683

$SOFI trading at book value and only showing signs of huge growth.

gravcycrunnow

You need to read my comment again. I never said anything about SOFI's future profitability prospects. I said they are not currently profitable, therefore it makes no sense to say they are killing it on earnings when they have no earnings. Save the snark for when you've read the comment correctly.

gravcycrunnow

When did I say one shouldn't buy companies that don't have earnings? I didn't say one shouldn't buy SOFI. I simply said they don't make money right now, and that's what "earnings" means. This is indisputable. It's finance terminology 101.

charlielo55

Don’t do anything just hold them, you have plenty of time, and you’re not that far out of the money. Don’t worry about the interest, it’s not that big of a deal. It wouldn’t surprise if SOFI works it’s way back up to 8 by then. The CEO has been a big buyer and the bear market will be over sooner than people think, we’re getting close to a bottom.

Ok-Confusion-2368

$6 calls? I think you will be able to sell the contracts at a profit before that. Just don’t diamond hand it when it does. But a few things that might screw you are 1 SOFI is holding a vote for a reverse split. No bueno if that vote goes through 2 Biden extends pause on student loan payments. This is what really got the SP to tank. 3. Margin- not sure how much margin you used but if there is a sharp drop in SP, worst scenario is a margin call and an account deficit you cannot fund back to margin maintenance. The things you can be more comfortable about is a better than expected Q1 earnings. It wasn’t great, but better than expected. The other thing you have is simple. Time. Your calls don’t expire tomorrow. You are ok with the investment, meaning you knew the risk, so you should be able to stomach the extreme volatility in this crazy market. I would be more stressed if I had $9 calls. Give it some time

Ok-Confusion-2368

$6 calls? I think will be able to sell the contracts at a profit before that. Just don’t diamond hand it when it does. But one of the things that might screw you is 1 SOFI is holding a vote for a reverse split. No bueno if that vote goes through 2 Biden extends pause on student loan payments. This is what really got the SP to tank. The things you can be more comfortable about is a better than expected Q1 earnings. It wasn’t great, but better than expected. The other thing you have is simple. Time. Your calls don’t expire tomorrow. You are ok with the investment, meaning you knew the risk, so you should be able to stomach the extreme volatility in this crazy market. I would be more stressed if I had $9 calls. Give it some time

CarpeLivem

Man this great info, thank you! I used to sell puts last year on WSB favorites PLTR & SOFI haha tried doing the wheel with them. Now I’m just playing long calls or puts since I don’t have the temperament to handle short term options. Thanks again for all this advice, Maestro!

Digitlnoize

I might give it a few more weeks. SOFI ipo'd just over a year ago, and like many ipo's, the process of "stabilization" during the initial part of the ipo often generates a ton of short positions, which get bundled into swaps with other shorted stocks. These swaps cause the stocks in them to spike up occasionally, often on a pretty consistent schedule. We’re entering one of these phases next week which should cause upward price movement on these stocks over the next few weeks. Compare the dates of the spikes: https://www.tradingview.com/x/BLwnD5Ye How far apart between spikes? When is the next one? Before Jan I’d wager.

gloomycpa

META and GOOG will obviously go back up. I think SOFI will too.

solovino__

What makes you so sure the future is bright? With the rise of interest rates, SOFI, like many small companies, find it harder to borrow money and will ultimately hurt their profits. Apart from that, most people will think twice about taking out loans with these rises in interest rates. Personally I think any company that makes money off loans is a red flag in these environments.

jackyan006

Your question basically is asking, will SOFI go up beyond $6+$1.45+$TimeCost within the next 7 months. If anyone knows for sure, they will jump in. but no one knows. so when you worry, go back to the beginning and ask yourself, what reason did you build this position in the first place? why do you doubt it now? If you are just like everyone else, once the direction didn't go in your favor, then you start to panic and doubt yourself, you were really just betting. since you are just gambling, act like a gambler, do your time, leave the rest to God. stop asking questions regarding investing and financial analysis. Good luck. that's all you need.

sr71Girthbird

Lol seriously. My Jan SOFI calls are down 82%. But selling calls and buying shorter dated puts this whole way down has me close to even. No reason to sell them now.

PH86M2HPRE43

Yes. Of course that means SOFI will immediately thank afterward.

repmack

SOFI has high volatility so twonweeks out is 0.25$ which is pretty good honestly. The real risk is the real possibility of a further decline.

Squidman97

SOFI, AMD, and PYPL. Oversold with great management and R&D and financials check out. Would not recommend Block atm. Lots of red flags in their earnings much like Twitter in days past.

PH86M2HPRE43

Don't forget to watch SOFI rocket to the moon the instant he sells.

geynikka

Prolly all the fangs and then AMD, CRM, and SOFI, prolly more but hard to see rn

Nuclear420v

I've built up 200 shares of SOFI. Glad to hear another manic is Bullish.

G1G1G1G1G1G1G

Well META and GOOG are a good answer. But I think your looking for more pre-earnings type companies which is a much more of guessing game without earnings to support a thesis. That said, TDOC, PLTR, SOFI, ABNB, RKT, SHOP, TTD, MTTR are all interesting for one reason or another. Many of them still overvalued!

callmecrude

BABA, PYPL and SOFI all definitely could in the next 5 years

wyo45

PayPal is clearly decelerating. They still have nice FCF, but what is their plan for growth? The era of stimulus and zero rates is over. There many payment options to choose from now other than PayPal Venmo. At the moment they are still on a decent position given how entrenched they are, but competition is heating up and the macro environment is deteriorating at the same time. That’s not good spot to be in. Your right buying SOFI isn’t their only option but imo it’s a good one. You say SOFI isn’t that special, well their growth rate would suggest otherwise. They are greatly increasing members and have multiple diversified revenue streams/business. Their deposits are growing big time on the banking side. “it took us three years to get to a $1 billion of deposits. And it took us three months to add another $1 billion and they're high quality coming from direct deposit customers.” - ceo Anthony noto So if PayPal were to add this it puts them back into a dominant growth position but this time it won’t be a temporary one like it was during stimulus pandemic response

SunnyDelite829

Heavily shorted, and the market is due for a bounce. So it could definitely run. At the same time, bad news just keeps piling on. I could see garbage like SOFI and many others doing reverse splits and falling thru the floor. Then the $6 strike no longer is reasonable. It would be like banking on a $20 strike today. Risk considered, I would sell at loss.

SilentRadiance

Look into the weeds of a business, typically good quality early stage growth companies have solid gross margins with pricing power but negative net margins due to aggressive reinvestment to the business. Once scale overcomes the fixed costs, you’ll see massive p/e compression as the company matures. Tesla and Amazon are prime examples of this. Companies like NET or SOFI have good gross margins, pricing power, and strong customer retention. They’re focused on growth so they reinvest the “earnings” into different vectors of the business which is why you see a negative EPS. Don’t mix that up with companies that are actually struggling to make money. It’s all in the details.

wyo45

I would agree with that. I could see maybe end of 2023 there would be more interest, but doubt SOFI would want to consider a take over at this point given they are executing and based on the Sp they’d be selling low so to speak. That said I still think the big dogs are keeping an eye on it. PayPal looks to be in dire straights to me which is why I could see them trying to make a move sooner, but like you said maybe SOFI wouldn’t even be interested. I doubt apple. They want the whole world for themselves and they want to be the masters of their own design rather than take over someone else’s

wyo45

I don’t understand why you keep saying that. SOFI literally started as a student loan business…. Do you not think people refinance their federal student loans?

wyo45

Pretty much nobody is refi hence the reason SOFI has had suspend that business/guidance for the most part. Biden is not restarting the payments therefore existing loan holders aren’t refinancing their loans. The pause was done on the basis of covid and the economy shut down. Both of which are no longer viable excuses. The only reason for extending them is political points with voter base. On top of covid/economy no longer being an issue, these extensions are also inflationary as well. That being said student loans are not a big deal for SOFI other than the fact it’s one more excuse for shorts to hit the stock. frankly I could care less what Biden does, just think he should have the guts to make a decision on it one way or the other. If he wants to forgive 50k just do it already….

wyo45

Mine too. I’m just looking at the sector as a whole. There’s to much competition. PayPal specifically I singled out because of their situation. They were uniquely bloated by the pandemic response and now are deflating. It’s clear they see it too and are worried about it because what they tried to do with PINS. So just makes sense to me at least for them integrate SOFI

gravcycrunnow

Except that has nothing to do with SOFI.

gravcycrunnow

The proposed forgiveness only applies to federal student loans, people! You're talking about an issue that has absolutely nothing to do with SOFI. The government isn't considering forgiving privately-held debt!

gravcycrunnow

The forgiveness only applies to federal student loans. What does that have to do with SOFI?

wyo45

Agreed. But this goes to what I was saying. the basis for SOFI being dragged down is not based on the companies performance but rather elements they have no control over. Like being dragged down by sector, lumped in with spacs/fintech, and this obsession with student loans. They can’t seem to rid themselves of this fallacy that they are a student loan company even after consistently proving they can succeed without the business. This is why I feel like it’s a good buyout candidate. They are succeeding as a company but failing as a stock.