HUGE Day for SoFi │ SoFi Data is Signaling $10 Coming │ SoFi Shorts Returning

what's going on welcome back to training stocks today we want to talk to you about Sofi I want to go over some of the current data points break it down on what the hell is happening today and go over everything else you need to know but first make sure guys hit that thumbs up and with that let's get right to it Sofi right now there's about 20 minutes left in the trading day is up 7.14% 764 the low 8 .30 as the high so there was a lot of fomo and just optimism when it comes down to Sofi and yes the broader Market is green but Sofi definitely is standing out no actual news from the company itself no SDC filings rather what is really pushing Sofi higher is just optimism Associated to nvidia's earnings but more specifically a firm's earnings so a firm did unveil the their earnings after hours yesterday and they did signal that despite higher interest rates people have been out there getting loans and so far I've been doing a fairly good job so once again kind of shows that the consumer side is very good you did have some data that did come out this morning as well so you had GDP and also initial jobless claims better than anticipated so initial joish claims came in at 231 forecast 232 and then then GDP came in at 3% versus 2.8 everything kind of pointing to a very strong economy and that directly is going to really help Sofi so I think all in all that is kind of a good thing based on today's data you didn't really have all that much in change for this so 67.5% likelihood of a 25 bases point cut and most likely that is going to occur like I've stated in the past I think pretty much the from now until September 18th whatever comes out data point wise isn't really going to change this we're at least going to have a 25 basis point cut then potentially a 50 um maybe for the November 7th one as you can kind of see right here so I think all in all that is pretty good stuff aside from that though you do see a lot of volume so 74.7 million shares being traded 41.2 is the average you do see a lot of big money or big transactions today so these are all the transactions occurring on the secondary Market above $100,000 based on the bid the ask and selling price pretty much everything is buys everything that does show us an ask is a buy so a lot of big money getting in couple big ones as well so 1.23 million so I think this is generally a very good situation that happening and a lot of the data points in fact today is very optimistic and kind of signaling a continuation of the Run based on this these are all the transactions urr uring on the dark pool dark pool is often enough linked to shorting so I'll give you guys an overview of that in a second so you do see a couple big ones here as well so 1.72 million 1.73 a couple ones first thing as well so 3.12 and you guys can see the rest my apologies if I'm going a little bit too fast quickly moving over to ortex to give you guys an overview of what shorts are doing so right now shorts are returning around 648,000 shares so that is net kind of breaking the trend of what has really been happening 17.83% of the free flow is being shorted works out to be 186.65 million shares overall are being shorted today is also something abnormal that is happening whenever you've had a lot of optimism in the broader market and Sofi tends to really move higher you usually see this kind of having some sort of manipulation so either the cost to borrow minimum or the average is negative you're not seeing that so in my opinion it this might be kind of that pivot point where shorts start to really admit defeat and that Sofi most likely is going to continue this good momentum higher so once again that's something to keep in mind like I said a lot of money as well as getting into Sofi through options $18 million in calls so far today and that's not counting the rest of the 20 minutes in the trading day and then 4.06 million inputs sentiment wise 50% of all the options being done today are optimistic and this is kind of the current layout for the calls that are being purchased so you do see a consensus for it to be above $88.50 and there is a abnormal amount right here so for the January 17th 2025 you see a good kind of likelihood of it being in excess of $10 by January so I see that as pretty good A lot more optimism like I said this is the current layout for the open interest so you have 10,000 at that 7 30,000 at that 750 and then 32,000 at that 8 so right now Sofi is above that $8 Mark so if tomorrow we have that continuation of good momentum whether it be because of pce or just the broader market then you'll definitely have a little bit of a nice pop on Tuesday Monday is a holiday on a side note so yeah it should be a very good time for to be a Sofi investor so let me know your thoughts on that as of right now with it at 803 it is currently trading between this R1 and this R2 so 798 is going to be the strong support that you'll want to watch for it to hold on the flip side $843 cents it's going to be that next strong resistance SL Target didn't really have enough to touch that today maybe it might touch that tomorrow with again good pce but we'll just have to wait and see nonetheless though I don't think any Sofi investors complaining about today because yeah it being up 7% outperforming the broader Market is deservant of a round of applause you do see number of retail investors getting in today stochastic you do still see it as rather overbought as I said in the past first sign of weakness you could see a pullback Associated to that but I think right now nothing specific to SOI is going to cause that unless pce tomorrow and I brought that up like four times already because that is a kind of a big deal right the feds are going to be really correlating that with interest rate cuts and that seems to be the next big thing but based on a firm's earnings doesn't really matter about the higher interest rates right now consumers are still out there getting loans and paying them off so I think generally shows consumers are maybe a little bit stronger than what previous data did signal and right now it is higher percentile of the boiling aband as well so like I said I think Sofi is a lot of the data points I mentioned are very optimistic so shorts returning very optimistic the options is next level stuff so that is very very good and as well the technicals are cautiously optimistic so still kind of pointing to higher Highs coming and like I said if you kind of look at this right here at the open interest you do see a very good likelihood of it being around that $10 range by January in fact there's 118,000 in open interest as of right now even for the January 16th 2026 there is 127,000 for that then 148,000 at that 15 so a lot of optimism let me know your thoughts don't forget to hit that thumbs up and give yourself a shout out did you did you buy today did you sell did you guys do options because if you guys would have sold covered calls depending on your strike price you might have got caught a little bit today but that's kind of the name of the game right you win some you lose some so let me know your thoughts don't forget to hit that thumbs up and with all that appreciate of you watching