I closed
$SOFI 20240621 8.0 CALL$ ,SoFI: collected 1.8% premium on SoFi when the covered call expired worthless after holding for 43 days. SoFI had came down significantly to close at $6.32 after the 4th largest institution holder sold off entire portfolio on SoFi sending a very bearish signals to the market. SoFI had totally underperformed the market this year and continue to drift lower with more bearish news. While there might be other reasons why large institutions sell off, the lack of positive news on SoFi of late didn’t help. We’ll see whether this is falling knife or bargain hunting in the weeks and months to come.
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Comments
I currently hold a large amount of fintech stocks as well, but it's not SoFi, it's AFRM. The timing of interest rate cuts in the United States is completely uncertain right now. My fintech stocks have also taken a beating. I don't know when this will end.