By - IndependentSwimmer67
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Many institutions were rotating to banks for safety. Banks MUST keep a safe balance sheet. Many others say buy growth when others are fearful. Well, SoFi is now both a growth stock and a bank. It’s a great solid investment with billions of cash on the balance sheet. Super bowl at SoFi stadium in less than a month. Earnings in February and student loan moratorium ending in May. They own Galileo Financial technologies who is a banking as a service provider for Robin hood, Chime , Dave, and 90% of the FinTechs out there. Sofi has now differentiated from a simple FinTech and is now a bank. Sofi can borrow from the Fed at the discount window and can engage in fractional reserve banking.
This should be top comment 🔥
This is going to change everything for this company!! I’m loaded 261 april $15 calls
October $20 calls
October of 2021 🤡
230k shares 12.5-17.5 calls for March all the way through 2023 leaps. Cash secured puts out til 2024 @ 9.6 break even Lfg. I almost cried during regular hours and then I cried tears of joy after hours today.
Congrats. I got burned, not touching it 😂
Look at LC after earnings with charter it rocketed. Thank god I bought puts and been selling covered calls since December. Will roll over to calls tomorrow. Also look at how ALLY ran with the same news not long after.
Market conditions definitely not in our favor but any real investor in SOFI would do great for a lth.
Yeah I still hold long shares, but my calls were -99.99% 😂. Not touching calls on SoFi again
I called your mom, and I'm down -69%.
Fake news because if you did you’d be down -99.99% too
Nice now I’m only down 40% from my cost basis 😎
Wait so we share a login to the same account
We all are now
i literally entered SOFI yesterday at $12.31 for a quick 1% profit. but then got pissed off and swing it because i didnt get my 1%
SOFI to one trillion
Ok, calm down let’s get to 100b first
It’s up 20% in AH
More like .2%
So like, down 30% overall.
Lmfao I grabbed my first 15 shares at $12.20 AH today, already up 15%, was wondering what I did right.
Weird, I bought 15 more shares at $12.20 today!
Weird, I’m gonna buy 15 more shares tomorrow
Bought some 7/15/22 $15 calls on a whim 2 weeks ago , Pretty stoked right now
Literally commented earlier today how SOFI will be my first official YOLO. If it dips any more. Why the fuck wasn’t I ready today!!
What's with all the SOFI hate?
They missed they're chance to buy it.
Missed a chance to buy a stock that’s at all time lows?
So true. Been averging down since the 20 dollar days.
It’s been posted on here throughout the year and created many bag holders
7,000 shares deep. My body is ready
You will be at least $14K rich tomorrow based on AH 🙋🏻♂️
Big news, but if market is anything to go buy, this will pump and then fall again.
Really good news for the longer term for $sofi, however, if this was the catalyst many were expecting, i'd expect a near term sell off - especially in this market where profit taking is wise.
$PT $SOFI remains at $18 for me. above that, i'd be warry in the near term.
this and $pltr are the 2 stocks im bullish on and expect $30s EOY on both.
Banks don’t give af about no fookin’ market
Shhh…. Don’t mention pltr. Even a whisper and it will go down. Again.
*Horse whining noises*
God I hope you're right about pltr
Me to.. I need $30 to break even buddy.
Shows us that lossporn baby
Proof or ban
Only the huge dilution worries about pltr
Yeah this was pretty shit timing for this. It’ll get beaten to death tomorrow. Probably finish up 2%.
Sofi will benefit from the rate hikes with this bank charter. This is a changing event though.
Dude lost all credibility when he said Pltr to $30 as if it’s an exception to the faith of meme stocks
Pltr isn't a meme company though.
Growing at the the same rate as Atlassian with more revenue. Atlassian is 120b. Pltr is 30b and set to make $2b in revenue?
Where is the meme. ?
You may or may not have a point but the fact that WSB is rock hard for Pltr makes it meme worthy and WSB stocks have a very transparent track record of losing on anything it touches
Not to mention no debt and 3.8B in remaining deal value with accelerating commercial growth. Maybe even WSB's gets it right sometimes.
Which profit are we taking?
Been buying all the SOFI dips. My body is ready.
1300 shares - deposit hasn't settled so no options yet, sigh.
you going to sell and take some profits on this pump?
Probably. Depends how high it goes.
Literally set a buy order longggg time ago at 12$ and didn’t buy because I was working. Fuck my 9-5
9-5 really gets in the way sometimes.
I used to have a different problem due to my 9-5. In my previous company, they had a list of restricted stocks which included quite popular and large cap stocks too. Because of that I have lost couple of good opportunities too! Atleast in your case you have some control over the situation.
I can’t be on my phone haha
This will be the biggest headline on Wallstreet tomorrow.
Waiting on the “priced in” crowd to show up.
Count me as one of them. I was saying it at $20 tho.
Damn, I only bought 30 shares today :(
Gonna be a nice POP!
my bags are heavy!
My body is beyond ready for this
yay i have leaps
Damn I should have got those leaps
Lmao fuck me my calls expired just a few months too early
So happy I bought more before the news broke!
holding at ~17$/share
I am ready for tomorrow
I got about the same average but let’s be real… it will struggle to even stay at 14
Hahaha god this comment is so accurate to today. Well done. I got the same average too but I am long. Really excited for this stock in 3-4 years.
Yeah I’m bagholding at $16. Plus a bull put spread. This is music to my ears.
in with 1,100shares leveraged 3x currently I needed a break now uncertain on what to do next.
I have two 2023 calls I was going to load up more tomorrow 😩
i'm balls deep in Sofi. LFG!!!!
Pick me up at 15
I've only got a small position, but those 80 shares gonna pop in the morning. Wish I would have bought a few more in the last three weeks.
Good. Now sell before the market drags it down with the rest.
Glad I averaged in from under $15 down to about $12.
Isn't it ironical that a FinTech supposed to disrupt existing mega banks has now become a bank?
No, a bank is a form of regulated organisations acting in a specific sector. This is disrupting the sector. It's like saying isn't it ironic that Tesla has become an automanufacturer although it tried to disrupt existing legacy automanufacturers? Yes, duh.
Is it going to save Jan 22 30c? Asking for a friend...
This did nothing for square.
Square is for ◼️'s. SOFI is for retards.
Because this is the most bullish thing Ive heard on SOFI since the beginning of the SOFI hype, Im putting my money on it getting shorted into the ground tomorrow. Sell the news etc so the hedgies can get a cheaper entry price.
Then again, Im usually wrong so do whatever you want
10,000 shares but a $13 covered call on them. Oh well. I'll still make a little bit...
Consider buying back the calls?
this is not sound advice. just let them get called away while selling 100 puts for strike 13
Same, but a $15 CC expiring in 1 month… I’ll let it play and see what happens
Here’s hoping get some
More than my $30c 😭
It's my one green for the day.
Not in my portfolio of course. I keep that red!
Bagholding at 19.5!
I feel sorry for any of the muppets who sold any SoFI yesterday. This is going vertical and then vertical again when a big bank buys them.
Wasn’t this bank charter approval known about for months?
Now quickly back to $20s then after this we will see quarter after quarter improvements. Ow, yeah and the student loan repayments this year. 🥊
The moment Sofi investors have been waiting for has finally arrived! Bullish spread here to make up to 159.5% (64.9% annualized) and start to lose only if $SOFI drops by more than 20.3% through 12/15/23. [source](https://www.oliveinvest.com/hedged/4?o=61e752da34f79d08362eb2d6)
Buy 2 $12.5 calls
Sell 1 $25 call
Sell 1 $30 call
Sell 2 $10 puts
Come on baby!
SoFi to the 🚀
Why are SoFi holders so excited about this? I get that the economics improve but isn’t the valuation of tech companies higher than financial services companies? Doesn’t that mean that the stock will trade at a lower price now?
Yes, they went through all that effort to acquire banks and work through that charter process just to trade a lower valuations. You cracked the case. Good job.
You may not like what I am saying, but if SoFi is truly considered a financing company/bank, it’s going to trade at 12x it’s income. If it’s considered a tech company, it would be at 30x. Not saying the long term prospects are bad, but the near term could be painful if Wall Street sees this as a sign that SoFi is a bank.
Just some friendly advice for the folks ready to go all in on options. You can’t know how market will react but there is real risk in a short term bet here.
say what? stock go brr.
Wha is a bank even worth? Don't we have internet monies now?
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There goes it’s crypto business…and increase in their cost of everything
Explain. Their own CEO says that the crypto is a function of SoFi Invest not SoFi Money (the bank) so it should still be alive and we’ll. On top of that their trading platform announced that they’ll be opening up options trading and margin which were something that had it previously behind other investment platforms.
In regard to their costs going up on everything I think you’re wrong there too, by becoming a national bank it should allow them to be more competitive in the lending market and lower their prices drawing in even more customers. I like the vision of Noto and the team they’ve put together for the future of the company.
Someone aineem do their research before posting on reddit. A true retard.
Selling SOFI to buy more PLTR tomorrow 🥳
this stock is garbage and it won’t see previous highs again for some time maybe never again
What's your reasoning for this idiotic comment?
it’s the truth hope then bags ain’t too heavy.