SOFI Flow Report

Analysis based on market close March 25, 2026

Flow Verdict

Confidence:

8 / 10

Watch next session: Dealer hedging behavior around $17 max pain - watch for pinning action; $19 call wall (91,508 OI) as resistance magnet

Flow Summary

Net premium: +$2.1M bullish (significant directional bias)

P/C volume ratio: 0.32 (extreme call dominance - only 32 puts for every 100 calls)

P/C OI ratio: 0.59 (more call OI than put OI, but less extreme than volume)

Institutions are aggressively buying calls near the money ($16.50-$17) while simultaneously accumulating cheap OTM lottery tickets ($6, $11 calls). The extreme P/C ratio suggests speculative bullish sentiment, though some protective put flow at $25 indicates hedging against potential downside. Overall flow points to conviction for a move higher, particularly toward max pain levels around $17.

Notable Prints

SOFI 3/27 $16.50 Call

Vol: 13,086

OI: 8,562

Vol/OI: 1.5x

IV: 76.2%

Notional: ~$903,579 premium

Intent: Directional bet for immediate move

Dual read: Either bought for breakout above $16.50 or sold as covered call

Read-through: Large near-ATM position expiring in 3 days suggests expectation of move above $16.50 before Friday. Notional size meaningful.

SOFI 4/2 $17.00 Call

Vol: 6,726

OI: 2,058

Vol/OI: 3.3x

IV: 69.1%

Notional: ~$1.12M premium

Intent: Directional bet for move to $17+ next week

Dual read: Likely bought calls anticipating break above max pain $17

Read-through: ATM strike with high volume/OI ratio indicates fresh positioning. Largest premium flow strike at $1.12M net bullish.

SOFI 6/18 $6.00 Put

Vol: 144

OI: 4

Vol/OI: 36.0x

IV: 99.6%

Notional: Minimal premium (far OTM)

Intent: Hedge leg or speculative lottery ticket

Dual read: Either protective put for long stock or part of complex spread

Read-through: Far OTM with high IV suggests either cheap protection or speculation on extreme downside. Volume/OI extreme but notional small.

SOFI 7/17 $6.00 Call

Vol: 286

OI: 46

Vol/OI: 6.2x

IV: 138.3%

Notional: ~$450K premium

Intent: Lottery ticket or spread leg

Dual read: Bought calls for extreme upside bet or as cheap call in ratio spread

Read-through: Far OTM with astronomical IV (138%) indicates pure speculation. Sizeable premium suggests meaningful position despite strike distance.

SOFI 4/17 $11.00 Call

Vol: 124

OI: 23

Vol/OI: 5.4x

IV: 125.0%

Notional: Moderate premium

Intent: OTM speculative call or spread leg

Dual read: Bought call for leveraged upside or as part of vertical spread

Read-through: High IV indicates expensive speculation. Strike closer to money than $6 calls but still 34% OTM.

Institutional Positioning

Call additions: Heavy accumulation at $16.50 (3/27) and $17.00 (4/2) near-ATM strikes, plus speculative OTM calls at $6 and $11. Premium flow overwhelmingly bullish at $17 (+$1.12M) and $16.50 (+$684K).

Put additions: Some put flow at $25 (-$494K net) and $22 (-$334K net), likely hedging against existing long positions or portfolio protection. Minimal put activity near current price.

GEX/DEX consistency: GEX +$29.5M positive aligns with bullish flow - dealers are net short gamma above $16, which could amplify upward moves if momentum continues. DEX 119.4M shares indicates substantial dealer delta exposure.

OI clusters: Major call walls: $19 (91,508 OI), $22 (89,208 OI), $30 (64,146 OI). Put support: $16 (71,002 OI), $15 (69,241 OI). Gamma flip ~$16 creates natural support/resistance boundary.

Hedging evidence: Put flow at $25 and $22 suggests some institutional hedging, possibly collars or protective puts for long stock positions. Far OTM $6 put could be tail-risk hedge.

Max pain context: Max pain $17 across most expirations creates pinning magnet. Spot at $16.76 (below MP) suggests upward pressure toward $17, especially with dealers short gamma above $16.

Signal vs Noise

~Far OTM $6 calls and puts with extreme IV (>100%) - likely lottery ticket speculation or spread legs, not pure directional bets

~$1.00 call OI (56,935) - almost certainly noise/penny stock artifact, not meaningful positioning

~High IV in long-dated OTM options suggests speculative retail activity rather than institutional directional positioning

~Some of the OTM call flow could be part of ratio spreads or other multi-leg structures rather than outright long calls

Key Conclusions

📈Extreme call dominance: P/C ratio 0.32 shows overwhelming bullish volume bias

💰$2.1M net premium inflow to calls confirms institutional bullish conviction

🎯Gamma flip at $16 creates key support - breakdown below invalidates bullish thesis

🧲Max pain $17 and call wall at $19 define near-term targets and resistance

🛡️Put flow at $25/$22 suggests hedging, not bearish directional positioning

🎰Far OTM $6/$11 calls with >100% IV indicate speculative lottery ticket buying

Read the Flow analysis for SOFI for 2026-03-25. This AI-generated report covers regime classification, key price levels, strategy recommendations, and actionable trade ideas drawn from end-of-day options data including gamma exposure, delta exposure, and implied volatility.