Noteworthy Monday Option Activity: FTNT, ACVA, SOFI

ACV Auctions (ACVA) and SoFi Technologies (SOFI) both recorded significant options trading volumes today, with activity representing approximately 42.8% and 42.7% of their respective average daily share trading volumes. This surge was particularly concentrated in long-dated call options, specifically the ACVA $15 strike and SOFI $23 strike expiring August 2025, indicating notable speculative interest or bullish positioning on the future performance of these companies.

Analysis

ACV Auctions (ACVA) and SoFi Technologies (SOFI) both experienced a material increase in options trading activity, with total options volume representing approximately 42.8% and 42.7% of their respective average daily share volumes. The activity was notably concentrated in long-dated call options expiring August 15, 2025. For ACVA, a significant 5,862 contracts were traded for the $15 strike call, accounting for a large portion of the day's total 8,843 options contracts. Similarly, SOFI saw high volume of 18,625 contracts for its $23 strike call option. This specific, long-term nature of the call buying, as opposed to short-term expirations, indicates potential strategic positioning by investors for substantial upside in both stocks over the next 18 months, establishing these strike prices as key levels to watch.

Key Decisions for Investors

• Investors should note the significant bullish positioning in ACVA and SOFI via long-dated call options, which suggests a segment of the market is anticipating substantial price appreciation by August 2025.
• The $15 strike for ACVA and the $23 strike for SOFI should now be monitored as key psychological levels that could influence future trading sentiment and price action.