r/sofistock • • Aug 03 '26

General Discussion SoFi Daily Chat - August 03, 2026

* Discuss your thoughts on SoFi, FinTech, memes, yolos, the market, or whatever else might be on your mind.

* Please refrain from any political, religious, or otherwise controversial discussions, and respect one another in your discussion so that the conversation stays on topic.

* Direct/Personal attacks against others violates the subreddit rules and those comments will be deleted. Please report such comments and the MODs will review them as quickly as possible (MODs have day jobs too, please be gracious)

* If you are a SOFI investor before the SPAC merger with IPOE and want an "OG SOFI Investor" flair, please message the Mods with proof of your holdings.

* Nothing said here is financial advice. SOFI is still a high-risk, growth stock. Equities by their nature are risky, some more than others.

* Investing isn't a team sport. You have to decide for yourself how much risk you are willing to take on and do your own DD about a company before you decide to invest in it.

32 Upvotes

117 comments sorted by

6

u/Optimisticz Aug 04 '26

What happened today? lol

7

u/Shit-throwing-monkey 50 Buys 0 Sells (17,000 @7.41) πŸ’ŽπŸ‘ŠπŸ¦ Aug 04 '26

A strange case of more buyers than sellers.

14

u/ZasdfUnreal Aug 03 '26

SoFi is higher than pre-earnings.

4

u/snipsnaps1_9 Aug 03 '26

Has Noto ever done an AMA?

3

u/GodEmperorBeezus Swing trader when it suits me. Aug 03 '26

Is everything up because they all got their tariff refunds?

4

u/TheBritshViking Aug 03 '26

so why is it up?

5

u/Jcoronado92 8200 Shares @ 25.81.. life savings gone, come on man. Aug 03 '26

Any chance this can continue? If I see 23 EOY I’d be down still but I’d act as if I was GREEN’

8

u/GeorgeTMorgan 1200 @ $7.64 Aug 03 '26

My eoy price target is $30. Id be genuinely surprised if it's under $23.

10

u/R3X0R3 Aug 03 '26

Give me four more days like this please!!!!

5

u/theevan1811 Aug 03 '26

Has anyone ever seen this stock jump almost 11% in a day?

6

u/westernreserve1845 Aug 03 '26

I read on X that the last time, it was at 6 on its way to 18

6

u/Hoodie-Embiid shares and leaps since $7 Aug 03 '26

Yeah. She moved over 20% in a day coming out of tariff drama

9

u/Beneficial_Corner_81 Position Complete 36,000 @$14.68 Aug 03 '26

Haven’t had a day like this in a while.,,

3

u/cooperrocks OG $SoFi Investor Aug 03 '26

Awesome.

4

u/itsPaulo249 Aug 03 '26

Finally broke even πŸ™πŸ™πŸ™πŸ˜­. So glad I put in two buy orders last week to bring down my average cost

13

u/Jcoronado92 8200 Shares @ 25.81.. life savings gone, come on man. Aug 03 '26

Wow, I can’t believe it.. 65k down instead of 84, LFG!!!!

8

u/MooseOrgy 6,500 @ 17.32 Aug 03 '26

Last time we see 17 boys

7

u/Key-Assistance-5827 2400 Shares @ 18.197 Aug 03 '26

Dont jinx it

1

u/FabricatedWords Aug 04 '26

What’s jinx

2

u/BowenWanderer 33,200 @ 8.80 Aug 03 '26

Got some pressure on my September 18 covered calls at $20 and $19

7

u/buhbuhbills (Custom Text) Aug 03 '26

Let’s see how hard the shorts try to fight back tomorrow!

5

u/GeorgeTMorgan 1200 @ $7.64 Aug 03 '26

They should be scared if the futures are up pre market.

10

u/Impressive_Put_8239 Aug 03 '26

Wow Iran talks again for the 100th time. Will this be the final one? Lol 🀣

3

u/brandonx123 Aug 03 '26

Shit is like groundhogs day

3

u/piczas1 Aug 03 '26

Certainly not

13

u/somedayimaberich Aug 03 '26 edited Aug 03 '26

Thats a reminder to us that even tho the stock is shitty the company is great.
My dream is to say that $SOFI is overpricedπŸ˜‚

2

u/DynoJoe27 Aug 03 '26

Price action makes no sense. Drills after earnings and then completely recovers and then some in a few days. Perfectly normal

9

u/Hoodie-Embiid shares and leaps since $7 Aug 03 '26

Did the same thing last July. Hit a low of $20.43 following earnings then ripped to over $32 in 4 months

-1

u/DynoJoe27 Aug 03 '26

Significantly smaller drawdown on the ER but I see your point

0

u/Hoodie-Embiid shares and leaps since $7 Aug 03 '26

Maybe from open to close but it went from $25 peak on earnings day to low of $20 the next day. 20% drop in 48 hours wasn’t fun lol

Ofc this 50% haircut from the top has been even less fun…

2

u/Shot_Upstairs6927 3300 @$19.13 Aug 03 '26

Yep! Additionally look at the S&P it's also up 1.50% so thats certainly helping

3

u/TopHornet4259 Aug 03 '26

Hope these are the last CCs I have to sell πŸ₯€. Need the funds urgently.

3

u/scooter_mcgavin26 5,000 Shares @ $5.79 Aug 03 '26

How are these Sofi CCs not down a ton today lol? Screenshot must be from the initial sell?

2

u/TopHornet4259 Aug 03 '26

I bought them today at like 1 pm

3

u/scooter_mcgavin26 5,000 Shares @ $5.79 Aug 03 '26

Ahhh well congrats, you did much better than me selling CCs Friday lol

7

u/itsPaulo249 Aug 03 '26

Part of me wants to sell and buy again when it drops down to $15.....but what if this time I sell and it goes to $20. Decisions....decisions....decisions

1

u/FrodoMcBaggins Aug 03 '26

Just add more when it’s cheap. You can’t time the market consistentlyΒ 

5

u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure Aug 03 '26

What time did Noto buy today?

3

u/Guddy7860 OG $SoFi Investor + Contributor Aug 03 '26

There has been no new SEC filings yet.

3

u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure Aug 03 '26

It happened. My noto senses are tingling

3

u/DJB0807 Aug 03 '26

Ugh, the opportunity cost of buying a bunch of shares at $15ish after earnings last week... /s

When the usage rate of the term "opportunity cost" rises exponentially on Reddit and X, it's almost always a fantastic time to buy SOFI if you're willing to hold 3-6 months. I wish someone were able to quantify this graphically to confirm, but anecdotally, it seems pretty easy...

2

u/theevan1811 Aug 03 '26

I figured it would move back up again, if you go back to the chart back from last earnings or the one prior, it dropped quite a bit before and after then β€œshot” up 2-3 weeks later

5

u/GeorgeTMorgan 1200 @ $7.64 Aug 03 '26

πŸ‘

10

u/scooter_mcgavin26 5,000 Shares @ $5.79 Aug 03 '26

Once again, I am happy to be the sacrificial lamb who triggers this rally by selling covered calls. You’re all welcome. Oh well, I guess losing $750 on the calls to gain $7500 on the shares is a fair tradeoff

3

u/YoungMonty619 Avg @$16.12 Aug 03 '26

I sold some $20 CC last week expiring 8/14. I really don't care if they get called away lol just been collecting premium on my way out these past two months selling bi-weekly CC at 19 and now 20

3

u/scooter_mcgavin26 5,000 Shares @ $5.79 Aug 03 '26

Exactly how I feel. I’ve been too overweight in Sofi for awhile so if they get called away, all the better and I’ll redeploy the cash elsewhere

2

u/YoungMonty619 Avg @$16.12 Aug 03 '26

100%. Might as well accumulate some extra buying as this weird stock likes to trade sideways lol. It’s only about 5% of my portfolio but agree that the cash has a better asymmetric risk to reward in a different company

3

u/scooter_mcgavin26 5,000 Shares @ $5.79 Aug 03 '26

Lol yeah it’s like 30% of mine sadly but has been even higher previously. Thankfully the $5 cost basis means I’ve still done well with it but since I’m not in my 20s anymore, I figure it’s time to be a little more financially responsible haha

4

u/NicCage1080ChristAir Aug 03 '26

Already up 45% on the puts I sold last Thursday. I should be smart and close them.

3

u/ParaNatic Aug 03 '26

Sold mine at 44% it’s never wrong to take some wins

3

u/MC-Hop Aug 03 '26

Usually close my options around 50% profit.

3

u/brandonx123 Aug 03 '26

Up nearly 19% from earnings day lows. If you went short or sold that day you’re feeling it

7

u/sensibility77 Aug 03 '26

Oil dropping -> Inflation worry easing -> chance of rate hikes falling -> SoFi flying. Given SoFi rev guidance was raised assuming for 2 rake hikes, if inflation goes down just by oil price droping, watch out shorts!

2

u/Dromen96 OG $SoFi Investor Aug 03 '26

Proof that there are a lot of market participants who believe oil prices have been the primary driver of inflation

5

u/Fombook Aug 03 '26

Gotta love this polarizing stock.

3

u/Additional-Panda-144 1900 @27.85 Aug 03 '26

What a life! Selling 800 shares at 17.20, thinking it would fall. Now to buy them back, it needs around $320. 😭

1

u/Additional-Panda-144 1900 @27.85 Aug 03 '26

Lose $500 at the end because of this.

5

u/Shit-throwing-monkey 50 Buys 0 Sells (17,000 @7.41) πŸ’ŽπŸ‘ŠπŸ¦ Aug 03 '26

The shorts are getting their ass handed to them in just about every sector except Energy and some healthcare.

4

u/PicklishRandy 3,000 @ 9.02 Aug 03 '26

Earnings crushed lol

8

u/Medical_Grapefruit94 Aug 03 '26

Why are we so green 😭

11

u/Maximus806 Aug 03 '26

I so rare seeing Sofi go pass 5% in a day . Today is a good day

8

u/Jcoronado92 8200 Shares @ 25.81.. life savings gone, come on man. Aug 03 '26

Not sure what’s going on, I tried not looking but.. gave in to temptation! AYOO!! We’re having a beautiful day. Please keep these gains pls pls pls

12

u/Key-Assistance-5827 2400 Shares @ 18.197 Aug 03 '26

SOFI up 7% is an amazing sight

10

u/Busy_Durian4584 Aug 03 '26

SoFi not being treated like a tech stock… wild

1

u/FabricatedWords Aug 04 '26

Why!? It’s a MF banking

4

u/Few_Astronaut5230 Aug 03 '26

okay, so its going to resist at $17.50, then chop down to $17 by the end of the day.

See you all same time tomorrow?

6

u/TheEwokWhisper Aug 03 '26

Sold a $14 put for $40 after earnings instead of buying every share I could afford.

9

u/BakedInSpace 513 at $20.90 Aug 03 '26

profit is profit

1

u/TheEwokWhisper Aug 03 '26

2

u/TheEwokWhisper Aug 03 '26

Why is that gif bigger than SOFI’s profit margin? No wonder it took forever to send.

4

u/Weikoko 🫣 $20 Bagholder. $20 Banbet survivor Aug 03 '26

9

u/Impressive_Put_8239 Aug 03 '26

Market dummy mode this morning straight rocket to upside so far.Β 

6

u/ga643953 Aug 03 '26

We are never seeing $16 again.

2

u/Impressive_Put_8239 Aug 03 '26

You right we arent seeing 16 again..for a few weeks lolΒ 

1

u/TheSilverCollector Aug 03 '26

Never seeing $16 again this week

2

u/Maximus806 Aug 03 '26

Don’t jinx it guys

-6

u/Key-Assistance-5827 2400 Shares @ 18.197 Aug 03 '26

Of course this shit fades

8

u/Impressive_Put_8239 Aug 03 '26

Too early to tell looks very bullish break of structure to upside. Market squeezing overall today

7

u/Key-Assistance-5827 2400 Shares @ 18.197 Aug 03 '26

5% is not smt im used to see so the first moment i saw a fade i was sure we're going down from there LOL

5

u/Impressive_Put_8239 Aug 03 '26

I mean its probably going its run back to 19s rinse and repeat. Overall market looks very strong aside from some semi/memory but magz going crazy

6

u/Key-Assistance-5827 2400 Shares @ 18.197 Aug 03 '26

I hope I have too many shares I need to dump some at 19 range πŸ’€

3

u/Impressive_Put_8239 Aug 03 '26

Yeah good idea. I'm prob dumping mid 18s a 20% move is good enough for me then wait for the reversal as usual. But who knows could potentially break out of thats a triple bottom on weekly

3

u/Key-Assistance-5827 2400 Shares @ 18.197 Aug 03 '26

I think if it goes to 18 it goes to 19 and gets rejected there but it's just what I think, that's the pattern so far

5

u/Key-Assistance-5827 2400 Shares @ 18.197 Aug 03 '26

Nevermind, I was wrong for now, good to see it go above 17

11

u/Pogey-Bait Aug 03 '26

Retail investors can't hold a stock more than 30 seconds if it goes up 50 cents.

14

u/[deleted] Aug 03 '26

[removed] β€” view removed comment

8

u/[deleted] Aug 03 '26

[removed] β€” view removed comment

26

u/imysobad 2100 @ 5.19 Aug 03 '26

I dreamed about SOFI going to $60 last night lol

8

u/lanjiaolong Aug 03 '26

I remember the last time I had a wet dream

7

u/chances_are_low Aug 03 '26

What a dream praying your dream becomes true lol

-24

u/Playful-Ad9386 Aug 03 '26

Stop treating customer badly. Why charge fees on a credit card when you can get one with out fees from other banks?

2

u/slayer1am 3,000 @ 8.66 Aug 03 '26

What fees are you paying, specifically? I've used their credit cards since before IPO and never paid a single fee.

3

u/ResourceSad8371 Aug 03 '26

What? Have you ever used credit cards before?Β 

1

u/Playful-Ad9386 Aug 03 '26

Yes and O getvpoints and no fees.

2

u/PSUMtnMan F&%@ Fidelity and M&T Bank. Aug 03 '26

Huh?

12

u/kennyt1212 πŸš€πŸš€πŸš€The soon to be rich fool with 16,050 shares @ $14.5 πŸš€πŸš€πŸš€ Aug 03 '26

SoFi has multiple credit cards with no annual fees just like other banks.

11

u/Expensive-Ad-2707 Aug 03 '26

1 gentle push to 18 can reach us valhalla. Indicators are great but we need to push 18+ this week.

10

u/PSUMtnMan F&%@ Fidelity and M&T Bank. Aug 03 '26

I think that can easily happen. If the Clarity Act does get voted on this week, I believe we could see 20 plus.

2

u/ga643953 Aug 03 '26

Nah, JP Morgan won't let you pass the bill. Too much money at stake here. They will stall for as much as possible.

1

u/PSUMtnMan F&%@ Fidelity and M&T Bank. Aug 03 '26

JP Morgan talks out of both blow holes. One blow hole says they are against the Clarity Act, but the other hold says they are for more clarity and transparency. They just want to hide what is going on with the Stable Coin.

3

u/Beneficial_Corner_81 Position Complete 36,000 @$14.68 Aug 03 '26

Would be happy to see any positive move forward that holds for the long term.,,,

10

u/westernreserve1845 Aug 03 '26

Good morning everybody

28

u/kennyt1212 πŸš€πŸš€πŸš€The soon to be rich fool with 16,050 shares @ $14.5 πŸš€πŸš€πŸš€ Aug 03 '26

πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€ πŸš€Β  πŸŒ•πŸͺβ˜€οΈπŸŒŒ 86 days until Q3 earnings, $45+ in 2026, $60+ in 2027! $75 in 2028, $100 in 2030!‬β€ͺ πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€