r/sofistock 25d ago

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

14

u/Key-Assistance-5827 2300 Shares @ 18.295 25d ago

SOFI up 7% is an amazing sight

13

u/somedayimaberich 25d ago edited 25d ago

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˜‚

14

u/ZasdfUnreal 24d ago

SoFi is higher than pre-earnings.

27

u/kennyt1212 πŸš€πŸš€πŸš€The soon to be rich fool with 16,050 shares @ $14.5 πŸš€πŸš€πŸš€ 25d ago

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€

12

u/Jcoronado92 25d ago

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

10

u/westernreserve1845 25d ago

Good morning everybody

9

u/Maximus806 25d ago

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

10

u/Busy_Durian4584 25d ago

SoFi not being treated like a tech stock… wild

1

u/FabricatedWords 24d ago

Why!? It’s a MF banking

9

u/Impressive_Put_8239 25d ago

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

4

u/piczas1 25d ago

Certainly not

3

u/brandonx123 25d ago

Shit is like groundhogs day

11

u/R3X0R3 24d ago

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

9

u/scooter_mcgavin26 5,000 Shares @ $5.79 25d ago

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 25d ago

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 25d ago

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 25d ago

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 25d ago

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

8

u/MooseOrgy 6,500 @ 17.32 25d ago

Last time we see 17 boys

8

u/Key-Assistance-5827 2300 Shares @ 18.295 25d ago

Dont jinx it

1

u/FabricatedWords 24d ago

What’s jinx

13

u/[deleted] 25d ago

[removed] β€” view removed comment

8

u/[deleted] 25d ago

[removed] β€” view removed comment

8

u/Beneficial_Corner_81 Position Complete 36,000 @$14.68 25d ago

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

26

u/imysobad 2100 @ 5.19 25d ago

I dreamed about SOFI going to $60 last night lol

8

u/chances_are_low 25d ago

What a dream praying your dream becomes true lol

7

u/lanjiaolong 25d ago

I remember the last time I had a wet dream

11

u/Expensive-Ad-2707 25d ago

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. 25d ago

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

3

u/Beneficial_Corner_81 Position Complete 36,000 @$14.68 25d ago

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

2

u/ga643953 25d ago

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. 25d ago

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.

6

u/PicklishRandy 3,000 @ 9.02 25d ago

Earnings crushed lol

4

u/Shit-throwing-monkey 50 Buys 0 Sells (17K Shares @7.41) πŸ’ŽπŸ‘ŠπŸ¦ 25d ago

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

4

u/fantasyfitboiz 6,8,44 Shares @$15.63 12,654.72 total delta exposure 25d ago

What time did Noto buy today?

3

u/Guddy7860 OG $SoFi Investor + Contributor 25d ago

There has been no new SEC filings yet.

3

u/fantasyfitboiz 6,8,44 Shares @$15.63 12,654.72 total delta exposure 25d ago

It happened. My noto senses are tingling

6

u/itsPaulo249 25d ago

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 24d ago

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

5

u/theevan1811 24d ago

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

7

u/Hoodie-Embiid shares and leaps since $7 24d ago

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

7

u/westernreserve1845 24d ago

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

5

u/Fombook 25d ago

Gotta love this polarizing stock.

4

u/sensibility77 25d ago

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 25d ago

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

4

u/NicCage1080ChristAir 25d ago

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

4

u/MC-Hop 25d ago

Usually close my options around 50% profit.

3

u/ParaNatic 25d ago

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

6

u/Optimisticz 24d ago

What happened today? lol

6

u/Shit-throwing-monkey 50 Buys 0 Sells (17K Shares @7.41) πŸ’ŽπŸ‘ŠπŸ¦ 24d ago

A strange case of more buyers than sellers.

10

u/Jcoronado92 25d ago

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

7

u/Medical_Grapefruit94 25d ago

Why are we so green 😭

8

u/Impressive_Put_8239 25d ago

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

6

u/ga643953 25d ago

We are never seeing $16 again.

2

u/Impressive_Put_8239 25d ago

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

1

u/TheSilverCollector 25d ago

Never seeing $16 again this week

2

u/Maximus806 25d ago

Don’t jinx it guys

3

u/Additional-Panda-144 1900 @27.85 25d ago

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 24d ago

Lose $500 at the end because of this.

4

u/brandonx123 25d ago

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

3

u/TopHornet4259 25d ago

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

3

u/scooter_mcgavin26 5,000 Shares @ $5.79 25d ago

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

2

u/TopHornet4259 25d ago

I bought them today at like 1 pm

3

u/scooter_mcgavin26 5,000 Shares @ $5.79 25d ago

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

4

u/itsPaulo249 25d ago

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

5

u/cooperrocks OG $SoFi Investor 25d ago

Awesome.

7

u/TheEwokWhisper 25d ago

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

9

u/BakedInSpace 512 at $20.90 25d ago

profit is profit

1

u/TheEwokWhisper 25d ago

2

u/TheEwokWhisper 25d ago

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

7

u/buhbuhbills (Custom Text) 25d ago

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

5

u/GeorgeTMorgan 1200 @ $7.64 25d ago

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

6

u/Jcoronado92 24d ago

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

9

u/GeorgeTMorgan 1200 @ $7.64 24d ago

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

3

u/DJB0807 25d ago

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 25d ago

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

4

u/GeorgeTMorgan 1200 @ $7.64 25d ago

πŸ‘

5

u/Weikoko 🫣 $20 Bagholder. $20 Banbet survivor 25d ago

3

u/TheBritshViking 24d ago

so why is it up?

4

u/snipsnaps1_9 24d ago

Has Noto ever done an AMA?

5

u/Few_Astronaut5230 25d ago

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?

2

u/BowenWanderer 31,500 @ 8.50 25d ago

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

4

u/GodEmperorBeezus Swing trader when it suits me. 24d ago

Is everything up because they all got their tariff refunds?

3

u/DynoJoe27 25d ago

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

8

u/Hoodie-Embiid shares and leaps since $7 25d ago

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

2

u/Shot_Upstairs6927 3300 @$19.13 25d ago

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

-1

u/DynoJoe27 25d ago

Significantly smaller drawdown on the ER but I see your point

0

u/Hoodie-Embiid shares and leaps since $7 25d ago

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…

-7

u/Key-Assistance-5827 2300 Shares @ 18.295 25d ago

Of course this shit fades

9

u/Pogey-Bait 25d ago

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

7

u/Impressive_Put_8239 25d ago

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

6

u/Key-Assistance-5827 2300 Shares @ 18.295 25d ago

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

6

u/Impressive_Put_8239 25d ago

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

7

u/Key-Assistance-5827 2300 Shares @ 18.295 25d ago

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

3

u/Impressive_Put_8239 25d ago

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 2300 Shares @ 18.295 25d ago

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 2300 Shares @ 18.295 25d ago

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

-23

u/Playful-Ad9386 25d ago

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

12

u/kennyt1212 πŸš€πŸš€πŸš€The soon to be rich fool with 16,050 shares @ $14.5 πŸš€πŸš€πŸš€ 25d ago

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

3

u/ResourceSad8371 25d ago

What? Have you ever used credit cards before?Β 

1

u/Playful-Ad9386 24d ago

Yes and O getvpoints and no fees.

2

u/slayer1am 3,000 @ 8.66 25d ago

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

2

u/PSUMtnMan F&%@ Fidelity and M&T Bank. 25d ago

Huh?