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SOFI

SoFi Technologies, Inc.Close $17.91EOD only

Max Pain

$17.00

Next expiry Jun 26, 2026

Expected Move

±$1.14

6.4% from close

Price Gap

-0.91

Distance to max pain

IV Rank

High premium

P/C OI

0.48

Slightly call-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 18, 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 18, 2026 close

SOFI Directional Report

Analysis based on market close June 18, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias with gamma pinning near $17-$18 and strong dealer long gamma ($+310M) supporting spot above MP. Flow bullish and positive GEX align, but 19.4% distance from MP poses risk. Confidence strong at 8/10.

Confidence:

8 / 10

Base 5, +2 GEX-flow alignment, +1 positive GEX pinning, -1 spot far from MP, +1 low VIX (16.4).

Supports: Bullish flow, positive GEX, low VIX, EM guardrails support at $16.77.
Conflicts: Spot 19.4% above max pain ($15) suggesting negative gamma risk below, and overhead resistance at $19.43.

📈Flow strongly bullish alongside $310M positive GEX.

📌Gamma pinning at $17-$18 weekly expiries.

⚠️Spot 19.4% above MP could trigger pullback if dealers hedge.

Regime Classification

Vol Regime

High

Vol regime Normal: IV moderately elevated vs typical ranges, but VIX at 16.4 indicates low market vol. Ticker IV rich vs VIX.

Gamma Regime

Pinning

Gamma Pinning: $+310.2M GEX, strong dealer long gamma supports stability near strikes.

Flow Regime

Bullish

Flow Bullish: net positive premium flow, call buying dominant.

Spot vs Max Pain

Above

Spot Above MP (+19.4%): risks mean-reversion if slippage occurs.

Thesis duration: Multi-week — Structural pinning across multiple weekly expiries through July 2 suggests sustained support.

Price Range Forecast

Next 1 week

$16.77$19.05

Supported by $16.77 EM guardrail; resistance $19.05.

Next 2 weeks

$16.39$19.43

Support $16.39, resistance $19.43; gamma flip at $15.

Key Levels

Max pain pins: $15 (2026-06-18); $17 (2026-06-26); $18 (2026-07-02)

EM guardrails: 1w $16.77/$19.05

Support: $16.39

Resistance: $19.43

Gamma flip: ~$15.00 — Approx — based on put OI concentration of 77,341 (16.2% below spot)

Structural: Max pain pins: $15 (6/18), $17 (6/26), $18 (7/2). EM guardrails 1w: $16.77/$19.05. Support $16.39, resistance $19.43. Gamma flip ~$15 (put OI concentration).

Dealer Positioning (GEX/DEX)

GEX: $+310.2M

DEX: +115.7M shares

Gamma flip: ~$15 (Approx — based on put OI concentration of 77,341 (16.2% below spot))

NTM gamma: Dealer net gamma +$310.2M, DEX +115.7M shares. Flip risk at ~$15 based on put OI.

IV Analysis

IV vs VIX: Ticker IV is rich vs VIX (16.4), suggesting elevated option premiums relative to market vol.

Term structure: Typical upward slope; near-term vol elevated around weekly expiries.

Skew: Put skew elevated below $15; consider put spreads if bearish, or call verticals on pullbacks.

Flow Analysis

Net premium: Net bullish premium $24.8M; put/call vol ratio 0.32 signals aggressive call buying.

Directional prints: 10.9 call 18 OTM 2026-06-18 — Vol 65k vs OI 40k (ratio 1.6) suggests opening; likely bought calls for bullish bet, last $0.01. 93 call 6 ITM 2026-10-16 — Vol 828 vs OI 430 (ratio 1.9) suggests opening; deep ITM calls bought for leveraged upside.

Unusual: 31.3 put 17.5 OTM 2026-06-18 — Vol 18k vs OI 6k (ratio 3.1); unusual put buying on expiration day, possibly a hedge. 71.1 put 13 OTM 2026-07-10 — Vol 1.1k vs OI 615 (ratio 1.9); unusual deep OTM put activity, potential tail hedge.

Risks & Catalysts

!Spot 19.4% above MP could lead to rapid mean-reversion if dealer hedging flips negative.

!Gamma flip at $15: if spot drops below, dealer hedge selling amplifies decline.

!Overhead resistance $19.43 (2-week EM guardrail) caps upside.

!High vol regime may persist, expanding range but increasing risk of sharp moves.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Strong	Buy 2026-08-21 $18.00/$20.00 call spread Why now: Aggressive call flow and positive GEX support upside; defined-risk spread caps cost.	If spot fails to rally, spread may lose value; resistance near $19.43 caps near-term gains.
Put credit spread	Moderate-Strong	Sell 2026-08-21 $15.00/$14.00 put spread Why now: Low put volatility and strong support at $15; credit spread limits downside risk.	Sharp drop below $15 could trigger gamma flip and amplify losses; max loss limited.
Bullish risk reversal	Moderate	Buy 2026-08-21 $20.00 call / sell 2026-08-21 $15.00 put Why now: Call buying flow and bullish bias make risk reversal attractive; use earnings catalyst.	Unlimited downside if short put is tested; requires confidence spot holds above $15.

Top Plays

Bull Call Spread

Buy 2026-08-21 $18.00/$20.00 call spread

Buy the August 21 $18/$20 call spread to profit from continued bullish momentum.

Why this play: Aggressive call flow and positive GEX support upside; defined-risk spread caps cost while targeting $20 strike.

Debit: $0.70-$0.85

Max loss: $0.85

BE: $18.85

Mgmt: Exit at 50% max gain or before earnings; stop loss if spot breaks below $16.39.

Traders seeking capped risk with high conviction in upside move.

Bullish Risk Reversal

Buy 2026-08-21 $20.00 call / sell 2026-08-21 $15.00 put

Buy $20 call and sell $15 put to express bullish view with low upfront cost.

Why this play: Leverages call buying flow and earnings catalyst for unlimited upside; sell put to fund call.

Debit: $0.45-$0.54

Max loss: $15.00

BE: $15.00

Mgmt: Roll or close by earnings; manage put assignment risk if spot declines.

Aggressive traders expecting strong upward move; comfortable with margin risk.

Put Credit Spread

Sell 2026-08-21 $15.00/$14.00 put spread

Sell the August 21 $15/$14 put spread to collect premium on support level.

Why this play: Low put volatility and strong support at $15; credit spread offers income with defined risk.

Credit: $0.20-$0.24

Max loss: $0.76

BE: $14.76

Mgmt: Close at 50% max profit; widen stop if spot approaches $15.

Income-oriented traders with neutral to bullish outlook; lower risk tolerance.

Watchlist Triggers

Entry Triggers

IFIF spot price exceeds $18.00 (near gamma pin) with bullish volume → Buy 2026-08-21 $18.00/$20.00 call spread at $0.70-$0.85

IFIF spot holds above $16.39 support and above $15 gamma flip → Sell 2026-08-21 $15.00/$14.00 put spread for $0.20-$0.24 credit

IFIF spot breaks above $19.43 resistance with volume → Buy 2026-08-21 $20.00 call / sell 2026-08-21 $15.00 put for $0.45-$0.54 debit

Exit Triggers

EXITIF spot closes below $15.00 gamma flip level → Close all bullish positions: buy back put spread, sell call spread, close risk reversal (buy put, sell call)

Tactical Summary

Bullish bias with gamma pinning near $17-$18 and dealer long gamma. Key levels: support $16.39, resistance $19.43, gamma flip $15. Use bull call spread or put credit spread for defined risk; risk reversal for unlimited upside. Exit if spot closes below $15.

How to Use These Reports

This directional reflects the market close on June 18, 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.