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SOFI

SoFi Technologies, Inc.Close $16.22EOD only

Max Pain

$17.00

Next expiry Apr 17, 2026

Expected Move

±$0.96

5.9% from close

Price Gap

+0.78

Distance to max pain

IV Rank

High premium

P/C OI

0.56

Slightly call-heavy

Consensus

6.0/10

Range bias

Published snapshot: Apr 10, 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 10, 2026 close

SOFI Flow Report

Analysis based on market close April 8, 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 April 8, 2026. A newer flow report is available for April 10, 2026.

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Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.1% from MP

Watch next session: Any build of call OI or premium at $19-$22 (large call walls); Large put buying at $16-$17 (especially 4/10–4/17 expiries) that would flip GEX or push spot toward $16

Flow Summary

Net premium: +$6.3M bullish

P/C volume ratio: 0.45 — call-dominant (strong call tilt in today's volume)

P/C OI ratio: 0.56 — moderate call lean in positioning

Today’s flow is clearly call-biased: net premium is positive ($6.3M) and P/C volume is 0.45. Large call OI clusters at $19-$22 combined with positive GEX (+$95.6M) suggest dealer hedging will buy/keep shares on dips, supporting pinning in the $16.50–$17.00 neighborhood while institutional buyers take long-call exposure further out.

Notable Prints

SOFI 2026-05-01 $17.00 PUT

Vol: 10,290

OI: 1,554

Vol/OI: 6.6x

IV: 70.6%

Notional: ~$1,512,630

Intent: Protective/hedge or directional put accumulation (ITM put 3% from spot, multi‑week expiry)

Dual read: Large put volume could be institutional protection (buying puts) or opening of a structured position (sell calls + buy puts).

Read-through: Meaningful protective demand — size and moneyness imply institutions are hedging upside exposure into May, which creates dealer short-delta that is offset by positive GEX but still represents downside protection demand.

SOFI 2026-04-10 $16.50 PUT

Vol: 8,232

OI: 3,516

Vol/OI: 2.3x

IV: 67.6%

Notional: ~$271,656

Intent: Near-term protective hedging / expiration positioning (ITM at-the-gamma-flip region)

Dual read: Could be fresh put buying (bearish hedge) or rollover/closing activity of short-dated structures ahead of 4/10 expiry.

Read-through: High activity at $16.50 into 4/10 suggests focus on the gamma flip area (~$15) and dealer hedging will be active; supports short-term pin pressure around $16–$17.

SOFI 2026-04-10 $17.50 PUT

Vol: 2,412

OI: 672

Vol/OI: 3.6x

IV: 64.1%

Notional: ~$253,260

Intent: Short-dated downside protection (ITM put) — expiration hedge or buy to protect directional exposure

Dual read: Either protective buying into the upcoming 4/10 expiry or the short leg of a more complex spread being adjusted.

Read-through: Concentrated short-dated put flow at strikes above spot increases dealer delta sales into the close/expiry window, which can create temporary downward pressure but within a larger call-dominant regime.

SOFI 2026-11-20 $25.00 CALL

Vol: 783

OI: 305

Vol/OI: 2.6x

IV: 64.4%

Notional: ~$84,624

Intent: Long-dated call accumulation (directional bullish exposure)

Dual read: Could be outright bullish longs or call component of calendar/diagonal structures.

Read-through: Smaller notional but consistent with term-structure call demand — supports longer-term bullish positioning that matches large near-term call OI walls at $19-$22.

SOFI 2026-04-24 $15.50 PUT

Vol: 1,184

OI: 291

Vol/OI: 4.1x

IV: 62.9%

Notional: ~$54,464

Intent: Buy-to-protect or tactical downside exposure below current spot

Dual read: Could be speculative short-dated puts or part of spread structures hedging call exposure.

Read-through: Adds to evidence of active downside protection across expiries, but smaller notional than the May $17 puts — more tactical than structural.

Institutional Positioning

Call additions: $19-$22 calls concentrated (OI: $22.00 = 89,153; $19.00 = 88,847; $20.00 = 59,517) — large call walls suggest institutional accumulation of upside exposure and/or overwriting at higher strikes.

Put additions: Concentrated protective put OI at $16.00 (56,875 OI) and $15.00 (71,340 OI aggregated across expiries) plus notable bought flow at $17.00 (May) — institutions are layering protection in the $15-$17 band.

GEX/DEX consistency: Yes — positive Total GEX $95.6M and DEX +115.0K shares align with bullish flow and pinning dynamics around $16.50–$17.00.

OI clusters: Call walls at $22, $19, $20 create a higher‑strike resistance/overwriting zone; put floor concentrated at $15 and heavy OI at $16 creates a dealer-supported floor.

Hedging evidence: Clear evidence of protective puts and short‑dated put accumulation (4/10 and May) — indicates institutions are hedging long exposures rather than outright shorting. Limited evidence of large collars but some long-dated calls plus near-dated puts are consistent with protective structures.

Max pain context: Max pain pins rising ($16 on 4/10 → $17 on 4/17 and 4/24). Spot is above MP and near-term GEX concentrations (+$26.2M at $16.50, +$29.7M at $17.00) make $16.00–$17.00 the expected magnet if flows hold.

Signal vs Noise

~High volume in 4/10-dated puts (16.50, 17.50) may include expiration adjustments/rolls into slightly longer-dated protection — not purely directional.

~Large static call OI walls at $19-$22 are long-standing structural positions and may represent overwriting/covered-call interest rather than fresh directional buying.

~Some long-dated calls (e.g., 11/20 $25) are small notional relative to near-term flow and could be part of multi‑leg structures (diagonals/calendars) rather than naked directional longs.

~Dealer gamma hedging around the gamma flip (~$15) will create mechanical flows; short-term price moves near that level can be amplified by market‑maker hedging rather than new institutional directional conviction.

Key Conclusions

🐂Net premium +$6.3M with P/C volume 0.45 — today is call‑dominant and supports a bullish tilt toward $16.50–$17.00.

📌Gamma pinning concentrated at $16.50 and $17.00 (+$29.7M and +$26.2M GEX) — expect dealer hedging to keep price gravitating toward this band.

🛡️Large ITM put prints (May $17, Apr10 $16.50) point to institutional protection — downside risk is hedged, not necessarily initiated bearish shorts.

🏗️Call OI walls at $19–$22 create a structural cap/overwriting zone; watch for premium accumulation there as a resistance cluster.

👀Key watch: additional call premium at $19-$22 or fresh heavy put buying at $16-$17 will change dealer hedges materially and confirm/invalidate the bullish thesis.

Read the Flow analysis for SOFI for 2026-04-08. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.