On Wednesday, there were 981 unusually active options, with 597 calls and 384 puts, indicating above-average options volume. Pfizer’s $26 put had the highest Vol/OI ratio among options expiring on Aug. 8, while the $27 call had recent trades with potential for profit. The long straddle for Pfizer has a profit probability of 40.4%.

Nvidia recently became a $4 trillion public company, led by CEO Jensen Huang. Despite a 21% increase in shares over the past year, its valuation remains high at 40 times forward earnings per share. Nvidia’s long straddle has a profit probability of 41.90%, offering a reasonable risk for above-average reward.

SoFi Technologies, with a $20 call option, is seen as a disruptor with potential for sustainable profits, likely to reach $40 per share over time. The long straddle for SoFi has a profit probability of 41.6% and a high IV/HV ratio of 1.60, indicating current volatility. The bet’s risk is offset by the potential for a big move in either direction.

Read more at Yahoo Finance: Wednesday’s Unusual Options Activity Reveals 3 Standout Long Straddle Plays