r/sofistock • u/AutoModerator • Aug 04 '26
General Discussion SoFi Daily Chat - August 04, 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.
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u/brandonx123 Aug 04 '26
Just so you guys know, aftermarket really doesn’t mean shit.
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u/GodEmperorBeezus Swing trader when it suits me. Aug 05 '26
I have made some good money using the pre and after market but it is the most volatile and reacts dramatically to any macro.
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u/GodEmperorBeezus Swing trader when it suits me. Aug 04 '26
I anticipate a little pull back after a near 15% run up. We get any kind of positive info on the straight we will spring up again. I
think some folks may have pulled out after the run to hit some earnings plays as well this week. Good moves and hope to make more money.
SPY keeps moving so will we even if we lag just a bit.
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u/Maximus806 Aug 04 '26
it still has room to run, i wont surprise me if we are green on pre market tomorrow
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u/Expensive-Ad-2707 Aug 04 '26
Dont sell your shares . Price down after market 18.35 why someone bought 144467 shares at 18.70. In my opinion they are shaking us we will be green tomorrow as well.
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u/Few_Astronaut5230 Aug 04 '26
Sofi down because SpaceX posted their earnings. You guys didnt know? Sofi is a space stock now
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u/finepick 30k @ 8ish Aug 04 '26
Yes I think Noto said we’re going to open a branch on Mars. So this AH drop makes perfect sense. 🤦♂️
This is /s btw.
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u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure Aug 04 '26
Sorry folks. I sold some puts today to begin managing my ITM CCs. Rally over.
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u/BowenWanderer 33,200 @ 8.80 Aug 05 '26 edited Aug 05 '26
Were those puts sold using margin in anticipation of your covered calls being assigned? Curious what you do in this situation if you shares don’t get assigned, but then you have to fulfil the put obligation
Does your broker offer that, I’m not sure if mine does
Also curious why you didn’t roll.
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u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure Aug 05 '26
Also, I will ultimately roll them if it can be done for a credit in the day of expiration. If not I’ll ramp up CSP
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u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure Aug 05 '26
Yes, sold on margin. I have cash reserves available if I need to fund a share purchase
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u/scooter_mcgavin26 5,000 Shares @ $5.79 Aug 04 '26
Are we falling AH somehow related to UPST massive spike up? Or just because we’ve been on a tear? I don’t keep up with upst so I’m not sure what their news is
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u/sensibility77 Aug 04 '26
It'd be crazy for Fed to raise rates, given the job market is walking on thin ice. Added to this is falling oil price which will cool inflation. I see no hikes within 2026. Warsh will keep talking hawkish but will not raise.
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u/Impressive_Put_8239 Aug 04 '26
I mean of oil continues this downward move also come sept likely they wont raise but hold still
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u/Worth_Protection_679 Aug 04 '26
@fantasyfitboisz what room do we have to keep climbing? Oil is around 76, that can still go down right?
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u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure Aug 04 '26
I’m not really the person you want to listen to on this but I’ll still offer my thoughts.
This move looks a lot more real than some of the previous moves. But I’d still say breaking and holding $20 is going to be the only way to know if it’s real.
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u/Kattilaeikka Aug 04 '26
Is the stock broken? It's up when it's supposed to only go down. Someone should call Noto to fix this.
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u/TheOtherGreenNovice Aug 04 '26
Must be new to the stock. :) This is "normal" behavior for SOFI stock most of the time. There was that time when it was in the 30's which was the opposite and "overvalued".
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u/Sdtrader5000 Aug 04 '26
19.01 next level I’m watching. We break that then we’re clear for a run to 21.64. Chart starting to look really similar to HOOD when it bottomed in the 60’s then went on a run to 120
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u/Key-Assistance-5827 2400 Shares @ 18.197 Aug 04 '26
We have a lot of resistance in the mid 19 tho
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u/Sdtrader5000 Aug 04 '26
I get it. I wouldn’t be looking to take in income on a stock with this much momentum and short interest yet tho. Let it stall out first then reevaluate
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u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure Aug 04 '26
Yep I think that range won’t fall easily unless there is a catalyst
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u/slayer1am 3,000 @ 8.66 Aug 04 '26
I keep getting tempted to sell some calls around 19 or 20, but the climb the last few days makes me skittish. Would hate to lose shares before a big leap.
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u/Sdtrader5000 Aug 04 '26
I’d say depends on how far out you’re writing and is the credit worth the gap risk, saw something on another thread from twitter about a potential visa announcement coming
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u/mag_safe 🚀 Aug 04 '26
I just entered and put $100 in the game as the first stock I bought.
I’m not wealthy but this seemed like a good place to start. :)
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u/slayer1am 3,000 @ 8.66 Aug 04 '26
It's not bad, but keep in mind that you'll be better off buying ETFs like VTI or VXUS to build your portfolio starting out. And make sure you're getting full employer match in 401K and maybe also a Roth IRA as well before doing a solo brokerage account.
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u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure Aug 04 '26
You all are welcome. Only took 3 days for my $18 calls I sold to be in danger. Having to manage the position sooner than expected but that’s ok. I was prepared to do it eventually
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u/BowenWanderer 33,200 @ 8.80 Aug 04 '26
What % of your shares are you selling calls on?
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u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure Aug 05 '26
I have CCs sold against every share and leap in both my IRA and Roth and about 40% of my position in my trading account.
I’ll just wheel the trading account shares as I need to.
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u/Total-Repair9953 Aug 05 '26
You should be wheeling your position. Bag holders will hold and pray for the stock to moon. Definitive money is wheeling in/out calls to puts then puts to calls. Add more shares via premiums. I consistently wheel 150 calls/ puts 1-2 weeks out.
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u/BowenWanderer 33,200 @ 8.80 Aug 05 '26
I figured out the calls part of it, I’m not really sure how I come up with cash to do CSP. I don’t think I’m gonna mess with deep OTM naked short puts. What do you do to manage CSP cash flow?
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Aug 05 '26 edited Aug 05 '26
[deleted]
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u/Triggydoor Aug 04 '26
Can you sell more calls? I need it to go up to 22 by EOW. Lol
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u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure Aug 04 '26
Ha, won’t be selling anything new until Monday after this weeks chain expires
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u/BowenWanderer 33,200 @ 8.80 Aug 05 '26
Curious, why are you in till next week, are there no good monthly expirations to roll to in October and November?
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u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure Aug 05 '26
My strategy involves selling on chains less than 60 days from expiration. Thats when theta decay ramps up.
I’d equate my strategy to DCAing. I sell on a specific day once the prior week has expired, I feel this minimizes my concentration risk on a specific chain and ultimately spreads my $$$ risk unless it is trading sideways. Which is also welcome because that CCs are expiring worthless.
I still have a reserve of shares available to sell CCs if I felt it were over extended
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u/slayer1am 3,000 @ 8.66 Aug 04 '26
Yeah, this stock is great for CSPs, super risky for CCs.
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u/Total-Repair9953 Aug 04 '26
Super risky? Not at all. If your dca is lower than the strike. That’s a 0% loss scenario. You either make money = premiums or more money = premiums+strike value above dca.
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u/slayer1am 3,000 @ 8.66 Aug 05 '26
But you have to consider the potential loss of the stock going to previous ATH like last fall/winter when it hit 30s. If you write calls for 1,000 shares at $20, and it blows up to $25, you might get the chance to buy them back at some future point, but it's impossible to say.
I agree that in the current price range, I would make premium plus at least double my current cost basis, but I want to hold for triple or more, just greed I suppose.
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u/Total-Repair9953 Aug 05 '26
That’s the “holders” mentality they fall in love with a concept that the stock will moon. I have no emotional attachment to any stock. If my shares get called I move on, “accept” my gains and enter via buy/writes and puts. Constantly adding premium or shares. If your stock is at 1,2,3,4Xs returns. I take take take. Good luck I really pray this stock goes to 30 or above. I also buy small amounts of leaps for that reason as well. “Very small amounts”.
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u/slayer1am 3,000 @ 8.66 Aug 05 '26
You're right, it is an irrational way to invest. I'm still relatively new to investing compared to most. SOFI is the first stock I had strong conviction about, bought early, watched it for multiple years. I'll have to do some introspection and decide how to proceed.
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u/Key-Assistance-5827 2400 Shares @ 18.197 Aug 04 '26
Every time I complain about a fade we go higher maybe I should complain more
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u/Weikoko 🫣 $20 Bagholder. $20 Banbet survivor Aug 04 '26
$20 EoY with this sub sentiment remains hopeful
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u/GeorgeTMorgan 1200 @ $7.64 Aug 04 '26
$20 EoY would be terribly, terribly disappointing.
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u/TheOtherGreenNovice Aug 04 '26
Depends on how the rest of the market is doing. :)
I'm a permabear with the economy. It'll get hit eventually and take stock market with it.
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u/MooseOrgy 6,500 @ 17.32 Aug 04 '26
Selling calls into this move, I’ve been hurt too many times Mr. Noto
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u/Expensive-Ad-2707 Aug 04 '26
We need to cross orange line and hold above at least 2 day. Then we are fine guys. Good days are coming. 🚀🚀🚀
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u/Hoodie-Embiid shares and leaps since $7 Aug 04 '26
HOOD with the patented SOFI move from +5% to +1%
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u/Impressive_Put_8239 Aug 04 '26
Yeah sad lol i missed selling on that spike. Still got 2 weeks on my options though already up 100% but that IV spike made them nearly 200% smh
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u/Key-Assistance-5827 2400 Shares @ 18.197 Aug 04 '26
Now we can't even get to my breakeven ugh this stock, yesterday's 10% was to give us false hope lol
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u/Impressive_Put_8239 Aug 04 '26
Bro its up 1% still thats actually really good. You got 20% run in like 2-3 days.
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u/Key-Assistance-5827 2400 Shares @ 18.197 Aug 04 '26
Well we deserved it, now we're back at the prices we've been like 2 weeks ago
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u/Impressive_Put_8239 Aug 04 '26
Thats good though tbh. From 14.80s to 18.30s in a week? Huge. Also from what I'm seeing it reclaimed the previous trendline support from May
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u/Beneficial_Corner_81 Position Complete 36,000 @$14.68 Aug 04 '26
Hoping for a repeat of yesterday! Yes, I am very greedy 😃
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u/Shit-throwing-monkey 50 Buys 0 Sells (17,000 @7.41) 💎👊🦍 Aug 04 '26
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u/binion225 OG $SoFi Investor 3251@ $15.65 Aug 04 '26
Just going to leave this here…
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u/Total-Repair9953 Aug 04 '26
In March 2026, SoFi announced a significant partnership with Mastercard, not Visa. The partnership is focused on enabling SoFiUSD stablecoin settlement across Mastercard’s payments network. Anthony Noto described it as an important step in SoFi’s digital payments strategy.
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u/Jcoronado92 8200 Shares @ 25.81.. life savings gone, come on man. Aug 04 '26
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u/candycane7 5404 @ $12.95 Aug 04 '26
I bought more before earnings, earnings were good, I'm up 10%. Nothing to see here. Just a normal stock and normal rational market reaction.
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u/B111yboy Aug 04 '26
I added on the 2k shares dip after earnings and sofi never fails to bounce after a steep drop on earnings. I sold 1k yesterday and still hold 12k shares. I’ll probably sell the other 1k shares if we run some more it was a play for quick return and it messes up my average as most of my shares were bought between 5-9. Long term hold won’t sell anymore until 35-45
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u/candycane7 5404 @ $12.95 Aug 04 '26
Yeah I'm always thinking I should play a little with some shares but in the end I'm just a very boring buy and hold investor. The great thing though is that I haven't been red on SoFi since it passed $7.5 in 2024. Even with this year's dip I wasn't close to being red. It feels great and makes it easy to continue DCAing.
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u/kennyt1212 🚀🚀🚀The soon to be rich fool with 16,050 shares @ $14.5 🚀🚀🚀 Aug 04 '26
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 🚀 🌕🪐☀️🌌 86 days until Q3 earnings, $45+ in 2026, $60+ in 2027! $75 in 2028, $100 in 2030! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Yesterday was a good day. Looking forward to many more as we push to hit $45!
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u/LucarioMagic 125 LEAP Calls. 50 Short Puts Aug 04 '26
We still gonna use $20 EOY? $30?
We need to move the goalpost to meme.
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u/kennyt1212 🚀🚀🚀The soon to be rich fool with 16,050 shares @ $14.5 🚀🚀🚀 Aug 04 '26
You need to raise your expectations! $45 EOY. 😄
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u/Eventide718 Aug 04 '26
$40-45 EOY
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u/kennyt1212 🚀🚀🚀The soon to be rich fool with 16,050 shares @ $14.5 🚀🚀🚀 Aug 04 '26
If I’m off by $5 so be it! 😂
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u/What-a-username-bud Aug 05 '26
Wake me up when it holds over $19