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SOFI

SoFi Technologies, Inc.Close $16.03EOD only
Max Pain
$17.00
Next expiry Jun 12, 2026
Expected Move
±$1.07
6.7% from close
Price Gap
+0.97
Distance to max pain
IV Rank
92
High premium
P/C OI
0.49
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 5, 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
Jun 5, 2026 close
SOFI Directional Report
Analysis based on market close June 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Outlook

Bullish bias with pinning gamma and bullish flow driving near-term upside within $15-$18 range. Spot at $16.5 near max pain ($16) and strong dealer long gamma support upward drift to $17 resistance. High confidence based on alignment of flow, GEX, and IV regime.

Confidence:
9 / 10
Base 5 (structural), +2 GEX/flow aligned, +1 GEX positive pinning, +1 spot near MP, +0.5 VIX 19
Supports: Bullish flow, +$75M GEX, spot near MP ($16), high vol regime
Conflicts: Gamma flip at $15, resistance $17-$18.18, put OI concentration
🟢Bullish flow and GEX alignment; strong dealer support for upward drift.
🟡Spot at $16.5 near max pain $16; high gamma pinning keeps range tight near expiry.
🔴Put OI concentration at $15; gamma flip risk if spot breaks support.

Regime Classification

Vol Regime
High
High vol regime with elevated IV relative to VIX; driven by pinning gamma and bullish flow.
Gamma Regime
Pinning
Strong dealer long gamma ($+75M GEX) creating pinning near $16; flip at ~$15 based on put OI.
Flow Regime
Bullish
Bullish net premium flow supporting upward bias; put/call ratio favors calls.
Spot vs Max Pain
At
Spot at $16.5, near max pain $16; pinning expected with tight range.
Thesis duration: Event-specific — Pinning gamma and max pain expiry on 2026-06-12; flow concentrated near term; multi-week range wider.

Price Range Forecast

Next 1 week
$15.17$17.83
Support $15.17, resistance $17.83; gamma pinning at $16.
Next 2 weeks
$14.82$18.18
Range $14.82-$18.18; gamma flip risk below $15.

Key Levels

Max pain pins: $16 (2026-06-12); $15 (2026-06-18); $17 (2026-06-26)
EM guardrails: 1w $15.17/$17.83
Support: $16.50 · $15.00 · $14.82
Resistance: $17.00 · $18.18
Gamma flip: ~$15.00 — Approx — based on put OI concentration of 77,759 (9.1% below spot)
Structural: Max pain pins: $16 (Jun12), $15 (Jun18), $17 (Jun26). Support: $16.5, $15, $14.82. Resistance: $17, $18.18. Gamma flip ~$15.

Dealer Positioning (GEX/DEX)

GEX: $+75.0M

DEX: +112.2M shares

Gamma flip: ~$15 (Approx — based on put OI concentration of 77,759 (9.1% below spot))

NTM gamma: GEX +$75M, DEX +112.2M shares; strong long gamma pinning. Gamma flip at ~$15 based on put OI concentration (77,759 contracts).

IV Analysis

IV vs VIX: IV elevated relative to VIX (~19) due to high vol regime and pinning gamma; rich for near-term options.

Term structure: Flat to slightly backwardated due to concentrated gamma at weekly expiry; further out normalizes.

Skew: Put skew elevated at $15 (gamma flip); call skew flat. Opportunity: sell puts below $15 for premium decay post-expiry.

Flow Analysis

Net premium: Positive net premium of $10.5M with put/call volume ratio 0.30, indicating strong call buying.

Directional prints: 58.2 call 17.5 OTM 2026-06-12 — Vol 20k+ vs OI 10k, ratio 1.9. Likely bought (call-heavy flow). Preferred bullish near-term. 58.4 call 16.5 OTM 2026-06-12 — Vol 19.6k vs OI 11.6k, ratio 1.7. Likely bought. Preferred bullish near-term.

Unusual: 56.8 put 16 OTM 2026-07-24 — Vol/OI 2.4; put in call-heavy flow, likely sold. Preferred bearish if sold, but small size. 166.4 call 2 ITM 2026-12-18 — Vol/OI 1.9, deep ITM with high IV (166%). Unusual; likely bought as leveraged stock proxy. 58.8 call 18 OTM 2026-07-24 — Vol/OI 2.0, OTM call. Likely bought; preferred bullish.

Risks & Catalysts

!Gamma flip below $15 could trigger sharp selling.
!Volatility expansion if spot breaks $14.82 or $18.18.
!Unexpected earnings or macro events not captured in gamma/flow.

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Bull call spreadModerate-Strong
Buy 2026-08-21 $21.00/$23.00 call spread
Why now: Defined risk debit spread benefits from upward drift to resistance within range.
Upside capped at $18; time decay if move delayed.
Put credit spreadModerate
Sell 2026-08-21 $14.00/$12.00 put spread
Why now: High probability zone near $15 with strong put OI; premium aligned with bullish bias.
If spot breaks $15, gamma flip could amplify losses.
Bullish risk reversalConditional
Buy 2026-08-21 $21.00 call / sell 2026-08-21 $14.00 put
Why now: Strong call flow and positive gamma favor upside; risk reversal finances call with put premium.
Unlimited downside risk if spot drops below short put strike; requires active management.

Top Plays

#1
Bull Call Spread
Buy 2026-08-21 $21.00/$23.00 call spread
Captures upside to $23 with limited capital at risk.
Why this play: Best aligns with upward drift to resistance; defined risk suits high-confidence bullish view.
Debit: $0.22-$0.27
Max loss: $0.27
BE: $21.27
Mgmt: Exit near $17 resistance or if spot breaks below $16.5.
Traders seeking leveraged upside with capped risk.
#2
Put Credit Spread
Sell 2026-08-21 $14.00/$12.00 put spread
Profits from time decay and support holding above $14.
Why this play: High probability zone near $15; collects premium in bullish bias without directional risk.
Credit: $0.41-$0.50
Max loss: $1.50
BE: $13.50
Mgmt: Close if spot approaches $15 or below; roll if needed.
Income-focused traders with bullish bias.
#3
Bullish Risk Reversal
Buy 2026-08-21 $21.00 call / sell 2026-08-21 $14.00 put
Finances upside call with put premium; unlimited upside but significant downside risk.
Why this play: Leverages strong call flow but unlimited loss on put short; suitable for aggressive traders.
Credit: $0.08-$0.10
Max loss: $13.90
BE: $13.90
Mgmt: Monitor closely; hedge if spot drops near $14.
Aggressive traders comfortable with margin risk.

Watchlist Triggers

Entry Triggers
IFIF spot holds above $16.5 support → THEN enter bull call spread: buy 2026-08-21 $21/$23 call spread
IFIF spot remains above $15 gamma flip → THEN enter put credit spread: sell 2026-08-21 $14/$12 put spread
IFIF spot trades between $16.5 and $17 with bullish flow → THEN enter bullish risk reversal: buy 2026-08-21 $21 call, sell 2026-08-21 $14 put
Exit Triggers
EXITIF spot breaks below $16.5 → THEN exit bull call spread
EXITIF spot approaches $15 → THEN exit put credit spread
EXITIF spot drops below $14.82 → THEN exit bullish risk reversal

Tactical Summary

Bullish bias with spot $16.5 near max pain $16, resistance $17. Focus on bull call spread for upside to $23, put credit spread for premium at $15 support. Monitor gamma flip at $15; break below $16.5 invalidates bullish thesis. Risk reversal for aggressive traders expecting strong move.
How to Use These Reports
This directional reflects the market close on June 8, 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.