Healthcare stock options remain defensive plays amid regulatory news flow. Investing in options on PFE and JNJ has shifted toward protective puts, reflecting investor caution. Skew analysis from the options market implies larger demand for downside coverage than speculative upside positions at current price levels. However, the best could be yet to come. As interest rates (hopefully) fall over the next few years, it should become a far better environment to expand. Management sees a $100 billion investable universe of properties in categories EPR could pursue, and this is a market that is likely to get even larger over time. Investors and others should note that we communicate with our investors and the public using our website ( https://www.sofi.com ), the investor relations website ( https://investors.sofi.com ), and on social media (X and LinkedIn), including but not limited to investor presentations and investor fact sheets, Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that SoFi posts on these channels and websites could be deemed to be material information. As a result, SoFi encourages investors, the media, and others interested in SoFi to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on SoFi’s investor relations website and may include additional social media channels. The contents of SoFi’s website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. Investing in options has seen increased retail trader activity this month, driven by higher implied volatility in tech stocks like NVDA and AAPL. Data from the CBOE shows call option volume up 14% week-over-week as investors speculate on earnings beats in Q