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SOFI

SoFi Technologies, Inc.Close $15.65EOD only

Max Pain

$15.50

Next expiry May 22, 2026

Expected Move

±$0.40

2.5% from close

Price Gap

-0.15

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.52

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 21, 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

May 21, 2026 close

SOFI Directional Report

Analysis based on market close May 21, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias with $16 pin targeting resistance at $16.53, supported by strong bullish flow and positive GEX. Key risk is gamma flip at $15 if support fails.

Confidence:

9 / 10

Base 5; +2 GEX/flow aligned; +1 positive gamma pinning; +1 spot near max pain; +1 VIX supportive (17).

Supports: Bullish flow, positive gamma, spot at max pain $16, VIX low (17).
Conflicts: High vol regime, gamma flip at $15 if break below support, event risk.

📈Bullish flow and GEX alignment

🎯Max pain pin at $16 across expiries

⚠️Gamma flip risk at $15 (put OI concentration)

Regime Classification

Vol Regime

High

High vol regime: IV elevated vs HV due to event risk and gamma positioning.

Gamma Regime

Pinning

Positive total GEX $58.3M pins near $16; flip at $15 based on 80,339 put OI (4.2% below spot).

Flow Regime

Bullish

Bullish net premium flow with low P/C ratio, supporting upside momentum.

Spot vs Max Pain

Spot at $15.89, 0.7% below $16 max pain, pinning likely near-term.

Thesis duration: Multi-week — Max pain pins across three weekly expiries (2026-05-22, 29, 06-05) indicate structural pinning over weeks.

Price Range Forecast

Next 2 days

$15.25$16.04

Resistance $16.04, support $15.25; play range with bias up.

Next 1 week

$14.76$16.53

Upside to $16.53, downside $14.76; key $16 pin holds.

Next 2 weeks

$14.38$16.92

Range $14.38-$16.92; risk of gamma flip at $15 if broken.

Key Levels

Max pain pins: $16 (2026-05-22); $16 (2026-05-29); $16 (2026-06-05)

EM guardrails: 2d $15.25/$16.04; 1w $14.76/$16.53

Support: $15.50 · $15.00 · $14.38

Resistance: $16.00 · $16.50 · $16.92

Gamma flip: ~$15.00 — Approx — based on put OI concentration of 80,339 (4.2% below spot)

Structural: Support: $15 (gamma flip), $14.38; Resistance: $16 (max pain), $16.53, $16.92. Guardrails: 2d $15.25/$16.04, 1w $14.76/$16.53.

Dealer Positioning (GEX/DEX)

GEX: $+58.3M

DEX: +108.3M shares

Gamma flip: ~$15 (Approx — based on put OI concentration of 80,339 (4.2% below spot))

NTM gamma: Gamma positive $58.3M (pinning near $16), flip at $15 (put OI 80,339). Delta positive 108.3M shares.

IV Analysis

IV vs VIX: IV elevated vs VIX 17, reflecting event risk and high gamma environment.

Term structure: Contango with event kinks; near-term IV elevated, back-month cheaper.

Skew: Put skew elevated; potential short vol if pin holds.

Flow Analysis

Net premium: Net call premium of $3.65M with 0.43 P/C volume ratio indicates bullish flow.

Directional prints: 44.9 call 15.5 ITM 2026-05-22 — High volume (30k) vs OI (15k), aggressive OTM call buying for upside speculation, bought.

Unusual: 96.9 put 9 OTM 2026-06-18 — Vol/OI 9.5 on OTM put, unusually high, likely new bearish hedge opened, bought. call 3 ITM 2026-05-22 — Deep ITM call with unusual vol/OI 1.9, possibly closing or speculative, bought.

Risks & Catalysts

!Gamma flip at $15 triggers rapid downside

!Earnings or event miss (if scheduled)

!Macro vol spike from VIX tail risk

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate	Buy 2026-05-29 $16.00/$16.50 call spread Why now: Defined-risk debit spread to capture moderate upside, aligned with multi-week bullish bias and post-earnings follow-through.	Upside cap and premium decay if stock stalls; gamma flip at $15.
Put credit spread	Moderate	Sell 2026-05-29 $15.00/$14.50 put spread Why now: Support at $15 provides a floor; sell put spread to collect premium with controlled risk.	Gap below $15 from macro or earnings miss.
Cash-secured put	Moderate-Weak	Sell 2026-05-29 $15.00 cash-secured put Why now: Willing to buy SOFI at discount with cash-secured put; suitable if price approaches support.	Assignment risk if stock falls below $15; opportunity cost.

Top Plays

Bull Call Spread

Buy 2026-05-29 $16.00/$16.50 call spread

Buy $16/$16.50 call spread for multi-week upside speculation.

Why this play: Directly aligns with bullish bias, captures upside to $16.50 with defined risk.

Debit: $0.12-$0.15

Max loss: $0.15

BE: $16.15

Mgmt: Exit if price drops below $15.50; take profit if near $16.50.

Traders expecting gradual rise to resistance.

Put Credit Spread

Sell 2026-05-29 $15.00/$14.50 put spread

Sell $15/$14.50 put spread to premium collect with controlled risk.

Why this play: Profits from support at $15, but limited upside compared to bull spread.

Credit: $0.09-$0.11

Max loss: $0.39

BE: $14.89

Mgmt: Close if price falls below $15.25; hold to expiry if above $15.

Traders confident support holds, seeking income.

Cash-Secured Put

Sell 2026-05-29 $15.00 cash-secured put

Sell $15 cash-secured put to potentially buy shares at discount.

Why this play: Lower priority due to higher capital requirement and willingness to own stock.

Credit: $0.17-$0.20

Max loss: $14.80

BE: $14.80

Mgmt: Roll or accept assignment if tested; cover if below $14.50.

Traders wanting to acquire SOFI at lower price.

Watchlist Triggers

Entry Triggers

IFPrice holds above $15.50 for 1 day and then moves above $16.00 → Enter bull call spread: buy May 29 $16/$16.50 call spread for $0.12-$0.15

IFPrice pulls back to $15.25-$15.50 with support holding → Enter put credit spread: sell May 29 $15/$14.50 put spread for $0.09-$0.11

Exit Triggers

EXITPrice closes below $15.00 (gamma flip level) → Exit all long positions; consider protective puts or closing spreads immediately

Tactical Summary

Bullish bias targeting $16-$16.50 with support at $15.50 (invalidation) and $15 (gamma flip). Key risk: break below $15 triggers rapid downside. Prefer bull call spread for defined risk upside; put credit spread as income play if support holds. Monitor for volume and IV expansion. Next earnings 2026-07-28 (68 days out) but focus on near-term levels.

How to Use These Reports

This directional reflects the market close on May 21, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.