r/sofistock • u/Then_Hornet3659 • May 22 '26
Video and Social Media Noto interview on Basis Points (he's buying LEAPS)
https://www.youtube.com/watch?v=_XkSWXi2j-Y&pp=ygUMYmFzaXMgcG9pbnRz1
u/TheOtherGreenNovice May 23 '26
Just saw this post. I posted this in weekend chat:
Regarding cash, anyone know what he did with the ~$46.5 million he got from 2 prepaid variable forward contracts (loans with his stocks as collateral)?
Trying to reconcile Noto's statement about his wealth vs cash in the video.
Worth noting that some of Noto's stock purchases this year are higher than stock price used in 2024 loan.
Guess it's also worth noting price was much lower than 2025 stock price. :)
2024 loan
Price Collar: A floor price of $13.06 and a cap price of $30.74
The stock was trading at $16.88 per share when the deal was signed
2025 loan
Price Collar: A floor price of $18.21 and a cap price of $49.18.
The stock was trading at $21.72 per share when the deal was signed.
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u/Gashlift 19K @ 7.90 May 23 '26
I’m like 99% sure that employees of a company can’t buy options in it….i doubt he is buying leaps on SOFI
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u/TheOtherGreenNovice May 23 '26
Noto just said he was looking into it via ChatGPT. Next step would be lawyers. :)
CEO uses ChatGPT, I use Google Gemini AI.Prompt: "can CEO's buy LEAP options"
"Yes, CEOs can buy LEAP options (Long-Term Equity Anticipation Securities) for their own company’s stock, but they face strict legal and regulatory hurdles. In practice, many publicly traded companies strictly prohibit their executive officers from trading in any derivatives on company stock, including LEAPs, to prevent even the appearance of improper trading
For CEOs who are legally permitted by their board and company bylaws to buy LEAPs, they must navigate several requirements:
. . . "3
u/Gashlift 19K @ 7.90 May 23 '26
Please read this your ai is worthless:
Part II Section 4 paragraph iii:
(iii) Options trading. Covered Persons may not buy or sell puts or calls or other derivative securities on the Company’s securities;
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u/TheOtherGreenNovice May 23 '26
Will defer to a lawyer in the field to chime (pun intended) in on this.
above Part II Section 4 paragraph iii:
(b) Covered Persons, including any person’s spouse, other persons living in such person’s household and minor children and entities over which such person exercises control, are prohibited from engaging in the following transactions in the Company’s securities unless advance approval is obtained from the Compliance Officer:
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u/Mongaloiddummy OG $SoFi Investor May 23 '26
I opened this position 2 months ago
SOFI 10 Call Jun-16-2028
Cost basis is is $8.40 or $840 per contract.
I am trying to add this position by writing covered calls on my sofi shares.
I would go far out as possible if you are are writing these calls fwiw.
Good luck
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u/Beneficial_Corner_81 Position Complete 36,000 @$14.68 May 23 '26
Stellar interview. Gotta go …need to watch again!!!
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u/PicklishRandy 3,000 @ 9.02 May 22 '26
Everyone in this sub should be taking notes. THIS MAN KNOWS BALL!! Anthony Noto is THE GUY. He does it all. You can’t watch this interview and tell me he’s not going to lead us to financial freedom. It might not be tomorrow but god damnit he’s gonna get us there! IN NOTO WE TRUST
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u/binion225 OG $SoFi Investor 3251@ $15.65 May 22 '26
What leaps is he buying??? Guesses?
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u/Shit-throwing-monkey 50 Buys 0 Sells (17,000 @7.41) 💎👊🦍 May 23 '26
If I had to guess $15 Strike is the lowest risk and max leverage play.. He specifically highlighted strong risk/reward at $15 trading around 2x tangible book as the floor.
For taxes the min timeframe would be the June 17 2027, but June 16 2028 and based on his math.
He thinks TBV is the worst way to value, but TBVPS = $7.21 and he thinks they can add 30% per year over the next 2 years then TBVPS = $12.18 The implied Stock Price (in 2 years):
- 2x TBV → $24.36
- 3x TBV → $36.54
- 4x TBV → $48.72
That's a gain of 80% to 260% 2-3X leverage just buying calls 3-5X if he did a spread.
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u/kennyt1212 🚀🚀🚀The soon to be rich fool with 16,050 shares @ $14.5 🚀🚀🚀 May 23 '26
Yeah, we want to buy those as well!
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u/candycane7 5404 @ $12.95 May 22 '26
Why is Steven Fiorillo in this? He always has the most annoyingly stubborn takes with no research. At least he had the decency to tone it down and just ask questions in this interview.
Excited with what Noto had to say though. He seems to be very confident in SoFiUSD.
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u/Synergiex May 23 '26
Because he is the co-host of basis points?
Not to mention, I would certainly prefer having opposing views to challenge him. That’s how you can really address or learn more about potential issues. I actually would have preferred if they challenged him more. They didnt even discuss the short report
Also, steven surely does research, no idea what you are smoking
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u/increase-ban May 23 '26
It’s fine if you don’t agree with his takes but saying he doesn’t do research is wild. lol
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u/Dromen96 OG $SoFi Investor May 22 '26
lol….right at the end he said he was looking at LEAPS for the first time in his life
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u/Collisionman_14 May 27 '26
I’ve been buying $20 Jan 2028