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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 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias supported by strong dealer gamma ($87M+), bullish flow, and near-max pain pin at $17. Spot at $17.10 straddles $17 max pain, with resistance at $18.85 and supports at $17 and $15. Market weakness is a conflict, but high VIX (17.3) and pinning dynamics favor call-side positioning.

Confidence:

9 / 10

Base 5; +2 GEX/flow aligned; +1 GEX positive; +1 spot near MP; +1 VIX 17; total 9.

Supports: Dealer gamma $87M, bullish flow, near max pain $17, resistance $18.85.
Conflicts: Market down (SPY -0.31%, QQQ -0.36%), vol regime High may indicate stress.

🟢Gamma positive $87M; bullish pin at $17.

📈Bullish flow despite negative market day.

⚠️High vol regime; IV rich vs VIX.

Regime Classification

Vol Regime

High

High regime: ticker IV elevated relative to VIX (17.3), indicating heightened option premium likely due to event or flow.

Gamma Regime

Pinning

Pinning: dealer gamma +$87M with max pain concentration at $17; gamma flip risk at $15.

Flow Regime

Bullish

Bullish: net premium flow favors calls, supporting upward bias.

Spot vs Max Pain

At: spot $17.10 close to $17 max pain (0.6% away), increasing pinning likelihood.

Thesis duration: Event-specific — Proximity to weekly expiration (July 2) and max pain pins suggest event-driven movement within 1-2 weeks.

Price Range Forecast

Next 1 week

$15.74$18.46

Support $17, resistance $18.46; bullish flow and gamma pin favor test of resistance.

Next 2 weeks

$15.35$18.85

Wider range; key support $15 (gamma flip), resistance $18.85.

Key Levels

Max pain pins: $17 (2026-06-26); $18 (2026-07-02); $17 (2026-07-10)

EM guardrails: 1w $15.74/$18.46

Support: $17.00 · $15.35

Resistance: $18.85

Gamma flip: ~$15.00 — Approx — based on put OI concentration of 77,347 (12.3% below spot)

Structural: Support: $17 (max pain/pin), $15 (gamma flip); Resistance: $18.85 (1w range high).

Dealer Positioning (GEX/DEX)

GEX: $+87.1M

DEX: +98.9M shares

Gamma flip: ~$15 (Approx — based on put OI concentration of 77,347 (12.3% below spot))

NTM gamma: Dealer gamma +$87.1M, DEX +98.9M shares (long). Gamma flip ~$15 based on put OI (77k contracts).

IV Analysis

IV vs VIX: Ticker IV is rich vs VIX (17.3), reflecting high vol regime and bullish flow; premium elevated for calls.

Term structure: Front-end vol elevated into weekly expiries; 7DTE and 14DTE skew bullish with call-heavy open interest.

Skew: Put skew depressed; consider call spreads to capture upside within range, or long gamma near $17 pin.

Flow Analysis

Net premium: Net premium $5.97M positive, P/C vol ratio 0.46 reflecting strong call buying.

Directional prints: 61.3 call 17.5 OTM 2026-06-26 — Vol/OI 2.5, aggressive buying of near-term ITM calls, bullish sentiment. 59.4 call 18.5 OTM 2026-07-02 — Vol/OI 2.5, OTM call buying for upside exposure. 64.1 call 20.5 OTM 2026-07-02 — Vol/OI 2.5, speculative OTM call buying targeting higher upside.

Unusual: 61.2 put 17.5 ITM 2026-07-31 — Vol/OI 3.1, highest ratio; possible protective put buying or hedging. 63.7 call 23 OTM 2026-07-24 — Vol/OI 1.9, OTM call sweep with elevated volume. 53.5 put 17 OTM 2026-07-24 — Vol/OI 2.2, OTM put buying possibly as tail hedge.

Risks & Catalysts

!Gamma flip below $15 triggers dealer hedging, accelerating downside.

!Market downturn (SPY -0.31%) could reverse bullish flow.

!High vol regime may indicate event risk (e.g., earnings or macro).

!Resistance at $18.85 may cap upside without new catalysts.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Call diagonal	Moderate-Strong	Sell 2026-08-21 $21.00 call / buy 2026-09-18 $18.00 call Why now: Bullish flow, dealer gamma support, and high VIX favor selling premium near-term while maintaining upside exposure past earnings.	Sharp rally caps upside at short strike; decline hurts long leg; high vol widens spreads.
Put credit spread	Moderate-Strong	Sell 2026-07-31 $15.50/$14.00 put spread Why now: Spot near $17 max pain, supports at $17 and $15; selling put credit spread on 16/15 after earnings captures premium with defined risk.	If spot drops below $15, gamma flip could accelerate downside; market downturn may challenge bullish thesis.
Bull call spread	Moderate	Buy 2026-07-31 $17.00/$19.50 call spread Why now: Aggressive ITM call buying and max pain pin suggest upside; defined-risk call spread captures move to resistance.	Spot may fail to rally; theta decay if move delayed; market weakness could cap upside.
Bullish risk reversal	Conditional	Buy 2026-07-31 $19.50 call / sell 2026-07-31 $15.00 put Why now: Bullish flow and dealer gamma support upside; risk reversal provides cheap convexity if breakout occurs.	Unlimited upside but defined downside risk from short put; if spot drops below short put strike, losses accrue.

Top Plays

Call Diagonal

Sell 2026-08-21 $21.00 call / buy 2026-09-18 $18.00 call

Sell near-term premium, maintain long call past earnings.

Why this play: Best combination of time decay and upside capture in high vol, event-driven setup.

Debit: $1.06-$1.29

Max loss: $1.29

BE: Path-dependent

Mgmt: Monitor spot near invalidation $17; adjust if breached.

Traders seeking defined risk with upside and vol decay.

Bull Call Spread

Buy 2026-07-31 $17.00/$19.50 call spread

Buy call spread targeting $19.50 resistance.

Why this play: Direct bullish play with defined risk, cheap convexity to resistance.

Debit: $0.78-$0.96

Max loss: $0.96

BE: $17.96

Mgmt: Exit if spot breaks below $17; take profit near resistance.

Traders confident in move to $19.50 with limited risk.

Put Credit Spread

Sell 2026-07-31 $15.50/$14.00 put spread

Sell put spread below support for premium.

Why this play: Income strategy with support from dealer gamma and max pain.

Credit: $0.34-$0.42

Max loss: $1.08

BE: $15.08

Mgmt: Close if spot approaches $15.50; roll if needed.

Income-focused traders expecting spot to hold above $15.50.

Watchlist Triggers

Entry Triggers

IFSpot holds above $17 support → Enter call diagonal: sell 2026-08-21 $21 call, buy 2026-09-18 $18 call (strategy 1)

Adjustment Triggers

ADJSpot breaks below $17 → Adjust or exit call diagonal; consider put credit spread if near $15.50

Exit Triggers

EXITSpot reaches $18.85 resistance with bearish divergence → Take profit on call diagonal (sell 2026-08-21 $21 call, buy 2026-09-18 $18 call)

Tactical Summary

Bullish bias with max pain pin at $17, strong dealer gamma. Key support $17, resistance $18.85. Favor call diagonal for upside with time decay. Manage invalidation at $17.

How to Use These Reports

This directional reflects the market close on June 22, 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.