Home Options SOFIReports

SOFI

SoFi Technologies, Inc.Close $15.69EOD only

Max Pain

$15.50

Next expiry May 22, 2026

Expected Move

±$0.59

3.8% from close

Price Gap

-0.19

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.52

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 20, 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 20, 2026 close

SOFI Flow Report

Analysis based on market close March 25, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from March 25, 2026. A newer flow report is available for May 20, 2026.

View latest report

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

How to Use These Reports

This flow reflects the market close on March 25, 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.