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SOFI

SoFi Technologies, Inc.Close $15.98EOD only
Max Pain
$16.00
Next expiry May 29, 2026
Expected Move
±$0.68
4.3% from close
Price Gap
+0.02
Distance to max pain
IV Rank
44
Middle-high premium
P/C OI
0.52
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: May 26, 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 26, 2026 close
SOFI Earnings Report
Analysis based on market close April 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 17, 2026. A newer earnings report is available for May 26, 2026.

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Earnings Verdict

Pinning most likely pre-earnings: concentrated put OI near $17-$20 and negative gamma suggest downside caps spot; isolated buy-side call flow can lift spot intraday but not overcome heavy put delta without sustained buying.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 14.3% from MP; +1 VIX 17; override: Flow and GEX alignment raise base confidence
Most important: Put OI concentration near $17-$20 likely pins price; occasional call-buying may cause short-lived upticks but overall bias is neutral-to-slightly-down into print.
📌Pin risk: concentrated put OI near $17–$20 likely caps downside pre-earnings
⚖️Call prints present upside impulses but put-gamma concentration should dominate absent sustained buying

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$15.00 — Approx — based on put OI concentration of 70,926 (22.8% below spot)

Earnings Overview

Next earnings: 2026-04-28 (11 days)explicit

Expected moves:

  • 2026-04-24 (7d): ±$1.18 (6.1%)
  • 2026-05-01 (14d): ±$2.53 (13.0%)
  • 2026-05-08 (21d): ±$2.76 (14.2%)

IV Setup

Term structure: 1-week IV ~86%, 2-week IV ~62%, 1-month IV ~45%; IV term drops materially past the front week.

Crush estimate: Front-week crush estimated 30–45% absolute IV drop; 2-week ~20–30%; 1-month ~10–15%.

Skew: 25-delta put IV ~95% vs 25-delta call IV ~70% (put/call IV spread ~25 pts); steep put skew concentrated at $15–$21 strikes.

Historical Context

Beat rate: 100% (4/4 quarters)

Avg move vs expected: Historical beat rate 4/4; realized moves averaged ~60% of model-predicted move (actual < implied).

Directional bias: Neutral-to-slightly-bearish pre-earnings due to concentrated put gamma and higher put IV.

Key Levels

1$15.00 gamma flip
2EM guardrails: 1w $18.25/$20.61
3Max pain pins: $17 (2026-04-17); $17 (2026-04-24); $17 (2026-05-01)

Flow Highlights

Large put OI concentration 22.8% below spot (gamma flip ~15).

Dominant put gamma likely pins spot into $17–$19 unless sustained call-buying occurs.

Net premium positive and low put/call volume ratio (~0.38) with notable call prints $21–$25.

Buy-side call activity provides transient upside pressure but insufficient to overcome concentrated put hedging without continued flow.

Strategies

Iron condor
Sell 2026-05-08 $17.00/$14.00 put wing and $20.00/$23.00 call wing
Credit: $1.03-$1.26
Max loss: $1.74
Max gain: $1.26
BE: 15.74 / 21.26
Trigger: Trim/roll wings if spot breaches 17–20; close into sharp IV move or before crush.
Collects rich skew while limiting gap risk vs pinned puts.
Outperforms: Sell 5/08 17/14 put wing and 20/23 call wing to monetize pin near 17–20 with defined loss.
Underperforms: Move outside short strikes invalidates range thesis.
Call diagonal
Sell 2026-05-01 $20.00 call / buy 2026-05-15 $19.00 call
Debit: $0.63-$0.77
Max loss: $0.77
Max gain: Variable
BE: Path-dependent
Trigger: Buy back short call on sustained call flow or if IV front-week spikes; harvest decay pre-print.
Exploits expensive front-week calls and buys back-month upside to retain directional optionality.
Outperforms: Sell 5/01 20 call, buy 5/15 19 call to collect front-week decay while keeping upside exposure.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Long strangle (5/08)
Buy 2026-05-08 $16.00 put + buy $22.00 call
Debit: $0.70-$0.85
Max loss: $0.85
Max gain: Unlimited
BE: 15.15 / 22.85
Trigger: Hold through print if expecting gap; sell into post-print IV collapse or on large directional move.
Cheaper, lower-front-week IV exposure to capture outsized surprise moves.
Outperforms: Buy 5/08 16 put + 22 call for asymmetrical, lower-cost tails exposure.
Underperforms: Insufficient realized move reduces long-strangle edge.
Short strangle
Sell 2026-05-01 $17.00 put + sell $20.00 call
Credit: $1.23-$1.50
Max loss: Unlimited
Max gain: $1.50
BE: 15.50 / 21.50
Earnings expected to crush IV; concentrated puts near 17–20 pin downside limiting large moves; sell premium where IV is rich.
Outperforms: Sell post-earnings front-month call and put strangle to capture IV crush and pin bias.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Surprise beat/miss causing large IV repricing and directional gap
!Gamma flip if spot crosses concentrated strikes creating rapid re-hedging
!Front-week IV crush amplifying P/L for directional option holders

What to Watch

?Spot action around $17–$20 (pin zone)
?1-week IV moves and front-week skew shifts into 4/28 print
?Sustained call flow in $21–$25 vs large put sales in $15–$19
How to Use These Reports
This earnings reflects the market close on April 17, 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.