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SOFI

SoFi Technologies, Inc.Close $16.22EOD only

Max Pain

$17.00

Next expiry Apr 17, 2026

Expected Move

±$0.96

5.9% from close

Price Gap

+0.78

Distance to max pain

IV Rank

High premium

P/C OI

0.56

Slightly call-heavy

Consensus

6.0/10

Range bias

Published snapshot: Apr 10, 2026 close

End-of-day snapshot

This page reflects SOFI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Apr 10, 2026 close

SOFI Directional Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from April 6, 2026. A newer directional report is available for April 10, 2026.

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Outlook

Bullish with pinning toward $17.00-$17.50. Confidence: 8.5/10. Strong GEX +$54M and flow alignment (net premium +$2M, P/C 0.37) support upside; high IV 71.9% and spot above MP add tail risk.

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.7% from MP

Supports: GEX +$54M (pinning), net premium +$2M, P/C 0.37 bullish
Conflicts: IV 71.9% rich, gamma flip ~$15 below spot

📊GEX pinning strongest at $17.00 (+$13.9M)

📈Max pain rising $16 → $17 over 16 expirations

Regime Classification

Vol Regime

High

IV 71.9% — high, rich vs broad market (no VIX given).

Gamma Regime

Pinning

GEX +$54M concentrated near spot, pinning toward $17.00-$17.50.

Flow Regime

Bullish

Net premium +$2M with P/C 0.37 — bullish flow.

Spot vs Max Pain

Above

Spot $16.27 above MP $16.00 (2026-04-10) by 1.7%.

Thesis duration: Multi-week — Max pain ladder rises $16 → $17 over 16 expirations; GEX sign stable positive; flow regime consistent across expirations.

Price Range Forecast

Next 2 weeks

$14.49$18.06

GEX pinning dominates; <$15.50 invalidates.

Key Levels

Max pain pins: $16 (2026-04-10); $17 (2026-04-17); $17 (2026-04-24)

EM guardrails:

Support: $16.00 · $15.50 · $15.00

Resistance: $17.00 · $17.50 · $18.00

Gamma flip: ~$15.00 — Approx — based on put OI concentration of 71,285 (7.8% below spot)

Structural: Call OI wall $18-$22 caps upside; put floor $15-$15 provides distant support.

Dealer Positioning (GEX/DEX)

GEX: $+54.0M

DEX: +113.8M shares

Gamma flip: ~$15 (Approx — based on put OI concentration of 71,285 (7.8% below spot))

NTM gamma: Positive GEX +$54M concentrated at $17.00, $16.50, $19.00. If spot +2% to $16.60, dealer hedging buys; if -2% to $15.95, selling pressure accelerates toward gamma flip ~$15.

IV Analysis

IV vs VIX: IV 71.9% — high, rich (no VIX given).

Term structure: Humped — 2026-05-01 70.6% > 2026-04-17 60.2% (event-pricing kink near earnings).

Skew: Near-term vs May ~10 vol-pt differential (sell 70.6%, buy 60.2%).

Flow Analysis

Net premium: +$2M bullish; P/C vol 0.37.

Directional prints: call 17.5 OTM 2026-04-10 — Vol 17,852 vs OI 9,942 (1.8x) — likely bought for pin play. call 19 OTM 2026-05-15 — Vol 14,395 vs OI 7,989 (1.8x) — bullish multi-week positioning.

Unusual: 64 call 24 OTM 2026-10-16 — Vol 586 vs OI 246 (2.4x) — speculative upside.

Risks & Catalysts

!Gamma flip ~$15 breaks pin and accelerates selling.

!High IV 71.9% risks vol crush post-pin.

!Earnings 2026-04-28/29 adds event risk.

!Call OI wall $18-$22 caps upside momentum.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Long stock	Moderate-Strong	Buy shares at $16.27.	Gamma flip ~$15 invalidates.
Short stock	Weak	Avoid — GEX positive and flow bullish.	Pinning upward.
Covered call	Moderate-Strong	Own shares, sell $17.50 call 2026-04-17.	Upside capped at $17.50.
Cash-secured put / put spread	Moderate	Sell $16.00/$15.50 put spread 2026-04-17.	Break below $15.50.
Long calls	Moderate	Buy $17.00 call 2026-04-17.	High IV crush.
Long puts / bear put spreads	Weak	Avoid — regime bullish.	Pinning upward.
Iron condor	Moderate	$15.50/$15.00P x $17.50/$18.00C 2026-04-17.	High IV >28 and GEX positive.
Calendar/diagonal	Moderate-Strong	Sell $17.50 call 2026-05-01 (IV 70.6%), buy $17.50 call 2026-04-17 (IV 58.2%) — regular calendar.	Pin fails.
PMCC / LEAPS diagonal	Moderate-Strong	Buy $15.00 call 2027-01-15, sell $17.50 call 2026-04-17.	Time decay on short leg.

Top Plays

Covered Call

Own shares, sell $17.50 call 2026-04-17.

Capitalizes on pinning toward $17.50 with premium income; defined upside.

Credit: $0.23-$0.24

Max loss: unlimited below breakeven

BE: $16.04

Mgmt: Take profit at 50-70% max credit; roll if spot >$17.50.

Shareholders wanting income with capped upside.

Put Spread

Sell $16.00/$15.50 put spread 2026-04-17.

Defined-risk premium below spot; aligns with GEX pinning and max pain $16.00.

Credit: $0.18-$0.19

Max loss: $0.32

BE: $15.82

Mgmt: Close at 60-80% max profit; exit if spot <$15.50.

Defined-risk bulls avoiding high IV crush.

PMCC

Buy $15.00 call 2027-01-15, sell $17.50 call 2026-04-17.

Long-dated bullish with income; extra time improves r/r by reducing gamma risk and leveraging multi-week thesis.

Debit: $2.29-$2.46

Max loss: $2.46

BE: $17.46

Mgmt: Roll short calls monthly; exit if thesis breaks.

Traders seeking leveraged upside with defined risk.

Watchlist Triggers

Entry Triggers

IFSpot tags $16.50, holds 30 min → Sell $16.00/$15.50 put spread 2026-04-17.

IFIV drops below 65% → Buy $17.00 call 2026-04-24.

Exit Triggers

EXITSpot <$15.50 → Exit all short premium positions.

EXITSpot >$18.00 → Take profit on long calls and spreads.

Tactical Summary

Bullish pin toward $17.00-$17.50. Invalidation: <$15.50. Regime favors selling premium around the pin with defined risk. Top plays: covered call for shareholders, put spread for defined-risk bulls, PMCC for leveraged multi-week thesis.

Read the Directional analysis for SOFI for 2026-04-06. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.