SOFI - This Is The BeginningHello everyone,
I hope you are doing fantastic.
We went through the SPAC merger with amazing volume and great price movement.
I would say that this is one of the best value plays at the moment and we got a rather cheap valuation of around 2.3B Market Cap for the stock, which gives us plenty of growth potential.
The company may very well be one of WSB's mentioned stock, so this may further drive the price up.
Also, it does have the potential to get on the ARK portfolio in the future, which would further increase the price.
The minimum price target on the stock is $50 in my opinion and I would say we should be there until the end of the year.
I see this as a pure long-term play and the price we are getting at is more than amazing.
I wish you good luck and stay green!
Sofi
IPOE long calls + protective putsSOFI+IPOE merger is on June 1, around 7 trading days. Past SPAC behavior has always dipped after merger but we will see if this can hold the price above $18.5 and $19.5 on the day of merger date. I have high exposure on this security and i will be getting a full hedge incase of a sell off. What do you guys think?
20x 17.5 October calls , 3x 15 October calls, 5x 17.5 June calls. Protective puts will be placed within the next few trading days.
I would prefer to trade this stock days after the ticker change to $Sofi.
Possible IPOE Entry 19.20$-18$IPOE looking for a possible retracement in March up to 24.70$ (28%+ Upside) with strong resistance at 21$. Price action might be heavily variable due to IPOE & Sofi merging this month, negative sentiment in the SPAC market right now, and the possible ripple effect from Clover Health's SEC investigation. This is not financial advice, I am not advocating the buying or selling of IPOE stock.
Accumulation phase. 150% - 300% potential after SOFI Merger dateCurrently holding a long position. Support is at $22 and $18. I am expecting a huge rally after SOFI merger date is released. We are still in an uptrend.