r/BullsAndBearsTrading

Hey traders,

Quick update for the traders following the FIG setup.

Yesterday I entered FIG as a momentum/event trade after the earnings improvement + software sector strength + short pressure setup.

The thesis was simple:

• momentum continuation
• potential squeeze fuel from shorts
• sector tailwind
• quick swing, not an investment

Today at the open I took profits and closed the position.

Results:

1. Shares trade: +$660
2. Calls trade: +$810
   Total: +$1,470

Not bad for a 24-hour trade.

Why I exited:

The continuation didn’t look clean enough for me.

Things I didn’t like:

• heavy rejection off highs
• insider Form 144 selling headlines
• shorts still leaning hard
• momentum losing steam into the close

Could FIG bounce again? Absolutely.

But I’d rather take the win, preserve capital, and wait for a cleaner re-entry than sit there hoping.

Current thinking:
If FIG pulls back into a healthy support zone, stabilizes, and buyers step back in, I may take the second leg.

No attachment. Just process.

Who else traded FIG?

Hey traders, here’s another one I’ve been cooking since Friday 🤠🔥

Couldn’t post it Friday when I started the position, but here’s the setup.

Current position:
300 shares of FIG @ $22.18 avg
6x FIG Jul 17 $22.5 Calls @ $3.55 avg

Current P/L: +$811 (+8.9%)

My thesis:

• FIG broke out of a pretty clean downtrend on Friday.
• Today it followed through with strong volume and held up into the close.
• Closed around $24.35, pretty much near the highs.
• My calls are already ITM with 60 DTE, so this ain’t some same-week lotto ticket.

What’s got my attention:
IBKR is showing 86% short utilization.

Now, I’m not screaming SHORT SQUEEZE!!! like a lunatic 😂
But if momentum keeps pushing and shorts start feeling uncomfortable, this thing could get interesting real quick.

Game plan for tomorrow:

• Strong premarket / strong open → probably letting it ride.
• Weak open / failed breakout → trimming fast, no emotions.

First upside zone I’m watching: $25–27

Who else is in FIG?

Y’all seeing real continuation here, or was today just shorts getting squeezed for a quick cover?

Not financial advice. Just sharing the trade.

I’ve been following SoFi ($SOFI) for roughly the last 12 months, watching how the market narrative around the company has constantly shifted.

After reviewing this latest earnings report, I still see several important things worth monitoring.

• Revenue grew 43% YoY, surpassing $1.1B.

• EPS came in positive again, and management maintained strong 2026 guidance.

• Deposits are now above $40B, which is important because it lowers funding costs and strengthens the banking model.

• Loan originations continue growing aggressively.

But honestly, I think the real debate around SOFI is still not fully resolved.

For more than a year, a meaningful part of the market has maintained short positions against the stock, mainly because many believe:

• The rapid growth in personal loans could eventually hurt credit quality.

• If the economy weakens, defaults could rise.

• The business model still hasn’t been fully tested through a difficult economic cycle.

And in fact, while credit metrics still appear relatively controlled, charge-offs did increase sequentially from the prior quarter. That helps explain why many shorts still haven’t disappeared.

On the other hand, there are also things the market can no longer ignore:

• SOFI no longer looks like just a speculative fintech.

• It now has massive deposits, positive profitability, and a structure that increasingly resembles a real digital bank.

• It also continues expanding members, products, and its financial ecosystem.

What’s interesting is that the stock has traded mostly sideways for quite a while, roughly between $10 and $32 over the last year, and more recently closer to the $16–20 range.

Even after this latest report, it still doesn’t look like institutions are aggressively chasing the stock higher. The market seems to still want more evidence that this growth is truly sustainable.

Personally, I’m not posting this as financial advice or as a bullish or bearish call.

I’m simply continuing to observe how the story evolves, because I think SOFI’s future ultimately comes down to one key question:

Is the company building a scalable and profitable digital bank… or simply expanding credit risk too aggressively?

That question will probably determine where this stock trades over the next several years.

Curious to hear how others are viewing SOFI at this stage.