SoFi stock slips as options traders bet on a big earnings swing
SoFi Technologies shares fell 7.2% to $27.17 Tuesday morning after a 6.6% jump Monday. Options activity surged ahead of the Jan. 30 earnings report, with calls outnumbering puts and implied volatility at 64.69%. A recent stock offering raised about $1.6 billion. Analysts expect Q4 revenue to drop 3% to $978.6 million and EPS to ease to $0.11.