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SOFI

SoFi Technologies, Inc.Close $19.06EOD only
Max Pain
$18.50
Next expiry Apr 24, 2026
Expected Move
±$0.70
3.6% from close
Price Gap
-0.56
Distance to max pain
IV Rank
25
Low premium
P/C OI
0.53
Slightly call-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: Apr 22, 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 22, 2026 close
SOFI Earnings Report
Analysis based on market close April 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

High-confidence pinning setup into earnings with bullish flow and concentrated put OI below spot; expect rangebound bias into event.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 1.0% from MP; +0.5 VIX 19
Most important: Pinning gamma with heavy call OI above and put concentration clustered ~18% below spot (~$3–$4 below current price)
📌Pinning setup: heavy short-dated call flow around $18 aligns with spot ~1% from MP
⚠️May expirations show elevated IV (75–85%) — larger priced-in move than front-week; fundamentals could blow past this

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
At
Gamma flip: ~$15.00 — Approx — based on put OI concentration of 70,851 (18.1% below spot)

Earnings Overview

Next earnings: 2026-04-28 (5 days)explicit

Expected moves:

  • 2026-04-24 (1d): ±$0.51 (2.8%)
  • 2026-05-01 (8d): ±$1.90 (10.4%)
  • 2026-05-08 (15d): ±$2.39 (13.0%)

IV Setup

Term structure: Front-week IV low (~48%) vs near-term expirations elevated (May IV 75–85%)

Crush estimate: Moderate front-week crush; larger realized move priced into May expirations

Skew: Skewed towards puts on nearby monthlys but large call walls $20–$25

Historical Context

Beat rate: 100% (4/4 quarters)

Avg move vs expected: Historical beat rate shown as 4/4 (small sample, n=4) — 100% but low statistical confidence; realized moves have often met or exceeded expected moves in that sample

Directional bias: Slightly bullish/pinning given flow and spot proximity to max pain

Key Levels

1$15.00 gamma flip
2EM guardrails: 2d $17.81/$18.82; 1w $16.41/$20.22
3Max pain pins: $18 (2026-04-24); $18 (2026-05-01); $18 (2026-05-08)

Flow Highlights

Large front-week call prints at $18.50 (4/24) and heavy May put/call activity

Short-dated call volume may pin near $18 into event

Net premium positive ~$10.4M and put OI concentrated ~18% below spot (clustered strikes roughly $3–$4 beneath current price)

Dealer gamma supports pinning; downside may be cushioned near those put strikes

Strategies

Short iron‑condor
Sell 2026-05-01 $15.00/$14.00 put wing and $19.50/$21.50 call wing
Credit: $0.37-$0.46
Max loss: $1.54
Max gain: $0.46
BE: 14.54 / 19.96
Trigger: Close or hedge if spot breaches put/call wings or IV spikes
Best risk/reward into pin with limited tails
Outperforms: Sell May01 wings to collect rich May IV around $18 max‑pain
Underperforms: Move outside short strikes invalidates range thesis.
Put diagonal
Sell 2026-05-01 $18.00 put / buy 2026-06-18 $20.00 put
Debit: $1.79-$2.18
Max loss: $2.18
Max gain: Variable
BE: Path-dependent
Trigger: Roll or trim if spot nears clustered put OI; cut if gap down exceeds protection
Harvest near‑term put premium where OI concentrates ~18% down
Outperforms: Sell May01 puts, buy Jun protection to keep tail defense
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Call diagonal
Sell 2026-05-01 $19.50 call / buy 2026-06-18 $20.00 call
Debit: $0.64-$0.79
Max loss: $0.79
Max gain: Variable
BE: Path-dependent
Trigger: Buy back into IV surge or roll out/ up after print
Play term‑structure: sell elevated May calls, buy Jun calls
Outperforms: Capture front‑week vol vs longer dated call premium
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short strangle
Sell 2026-05-15 $15.00 put + sell $22.00 call
Credit: $0.51-$0.62
Max loss: Unlimited
Max gain: $0.62
BE: 14.38 / 22.62
High front-month IV and pinning favor premium sale; use defined size and manage if spot moves toward clustered put OI.
Outperforms: Sell strangle into elevated May IV expecting front-week crush to reduce premium.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Unexpected large beat/miss (revenue, EPS, or guidance) could blow past pin and spike IV
!Guidance, key revenue/EPS drivers, or analyst revisions can widen moves beyond priced-in vol
!Post-earnings lockup expiries or insider activity could add directional pressure
!High IV in May expirations implies wide post-event moves
!Liquidity mismatches in tiny OI strikes can distort prints

What to Watch

?Spot vs max pain $18 into earnings
?Front-week IV move and vol term collapse post-release
?Guidance commentary and revenue/EPS drivers vs street estimates
?Unusual prints in May expirations (18.5/17.5 strikes)
How to Use These Reports
This earnings reflects the market close on April 23, 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.