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SOFI

SoFi Technologies, Inc.Close $18.83EOD only
Max Pain
$18.00
Next expiry Apr 24, 2026
Expected Move
±$1.01
5.4% from close
Price Gap
-0.83
Distance to max pain
IV Rank
50
Middle-high premium
P/C OI
0.53
Slightly call-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Apr 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
Apr 21, 2026 close
SOFI Earnings Report
Analysis based on market close April 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish bias into earnings with pinning pressure near $18 and elevated event IV; expect limited directional surprise but sharp post-print IV crush.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.0% from MP; +0.5 VIX 19; override: Composite: strong flow/GEX alignment and pinning; spot above MP raises tail risk
Most important: GEX/flow pinning at $18 amid high IV — watch for pin defense and gamma-driven moves
📌Pinning pressure at $18 driven by GEX and concentrated put OI
⚠️Elevated near-term IV — expect sizable crush post-earnings

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 70,836 (21.3% below spot)

Earnings Overview

Next earnings: 2026-04-28 (6 days)explicit

Expected moves:

  • 2026-04-24 (2d): ±$0.70 (3.6%)
  • 2026-05-01 (9d): ±$2.25 (11.8%)
  • 2026-05-08 (16d): ±$2.55 (13.4%)

IV Setup

Term structure: Front-month elevated vs longer-dated; steep near-dated IV for May expiries

Crush estimate: Moderate-to-high (front IV likely down materially post-print)

Skew: Put-heavy skew concentrated below spot (~21% below), puts richer than calls near support

Historical Context

Beat rate: 100% (4/4 quarters)

Avg move vs expected: Historical moves modest; expected move 2d ±3.6% vs past small earnings moves

Directional bias: Past 4/4 beats; historical bias slightly bullish into prints

Key Levels

1$15.00 gamma flip
2EM guardrails: 2d $18.36/$19.75; 1w $16.81/$21.31
3Max pain pins: $18 (2026-04-24); $18 (2026-05-01); $18 (2026-05-08)

Flow Highlights

Net premium large positive; GEX supportive of pinning at $18

Gamma and dealer hedging likely to compress spot range near max pain

Multiple high-volume May put prints at 16.5–18.5 with elevated IV

Significant downside protection demand concentrated just below spot

Strategies

May Iron Condor
Sell 2026-05-01 $18.50/$16.50 put wing and $20.00/$22.00 call wing
Credit: $1.00-$1.22
Max loss: $0.78
Max gain: $1.22
BE: 17.28 / 21.22
Trigger: Trim/roll if spot nears a wing; close into print or after front IV collapses.
Captures elevated front IV and pinning at $18 while capping losses vs naked wings.
Outperforms: Sell May1 18.5/16.5 put wing and 20/22 call wing to harvest theta and survive pin-driven swings with defined risk.
Underperforms: Move outside short strikes invalidates range thesis.
Call Diagonal (May->Jun)
Sell 2026-05-01 $20.50 call / buy 2026-06-18 $20.00 call
Debit: $0.89-$1.09
Max loss: $1.09
Max gain: Variable
BE: Path-dependent
Trigger: Manage if spot >21 or if roll needed to extend short; buy back into heavy pin moves.
Exploits steep near-term IV vs June and slight bullish bias while keeping upside exposure.
Outperforms: Sell May1 20.5 call, buy Jun18 20 call to collect May premium and benefit from front-IV crush while retaining directional upside.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Put Diagonal (May->Jun)
Sell 2026-05-01 $18.50 put / buy 2026-06-18 $18.00 put
Debit: $0.45-$0.55
Max loss: $0.55
Max gain: Variable
BE: Path-dependent
Trigger: Buy back if heavy put flow pins below 18.5; let hedge dampen gap losses.
Harvests rich May put IV while keeping longer-dated hedge for gap risk near the $18 pin.
Outperforms: Sell May1 18.5 put, buy Jun18 18 put to collect front premium and maintain downside protection.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short strangle
Sell 2026-05-01 $18.50 put + sell $20.00 call
Credit: $1.44-$1.76
Max loss: Unlimited
Max gain: $1.76
BE: 16.74 / 21.76
High near-term IV, pinning at $18 suggests limited realized move vs rich calls/puts; short both wings to harvest theta pre/post print.
Outperforms: Sell elevated front-month vol around $18 pin; collect premium and ride post-print crush.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!High IV means sharp post-print crush risk
!Pinning can reverse quickly if prints deviate
!Spot 3% above MP increases gap-down vulnerability

What to Watch

?Implied move changes into 4/24 and 5/1 expiries
?Dealer hedging flows around $18 pre/post print
?Unusual May put prints IV and sustained flow direction
How to Use These Reports
This earnings reflects the market close on April 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.