With the broader market continuing to show signs of weakness, financial technology (fintech) powerhouse SoFi Technologies Inc (NASDAQ:SOFI) suffered a choppy session on Wednesday. In particular, investors are anxiously awaiting the Federal Reserve's stance on the benchmark interest rate. Combined with risk-off behaviors negatively impacting growth-oriented enterprises, SOFI stock has tumbled over the past week. Still, the red ink could hide an intriguing contrarian opportunity.
One of the overlooked difficulties in assessing market behaviors — especially for options trading — is the constant kinetic nature of the equities arena. In practically every retail-friendly chart or graph, price is reflected as a function of time. Even in fundamental analysis, financial metrics (such as earnings per share or revenue) follow the same format.
