Home Options SOFIReports

SOFI

SoFi Technologies, Inc.Close $15.62EOD only

Max Pain

$16.00

Next expiry May 29, 2026

Expected Move

±$0.78

5.0% from close

Price Gap

+0.38

Distance to max pain

IV Rank

High premium

P/C OI

0.52

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 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

May 22, 2026 close

SOFI Flow Report

Analysis based on market close April 9, 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 9, 2026. A newer flow report is available for May 22, 2026.

View latest report

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.7% from MP

Watch next session: Volume and OI movement at $17.00 calls (7,885 vol, 38,457 OI) — look for fresh add vs. roll; Activity at $16.00-$16.50 puts/calls around dealer GEX +$25.1M at $16.50 and max pain $16

Flow Summary

Net premium: +$3.9M bullish

P/C volume ratio: 0.67 — call-dominant (call volume ~1.5x put volume)

P/C OI ratio: 0.55 — call-dominant open interest positioning

Today’s flow is a clear call-biased regime: positive net premium ($3.9M), P/C volume 0.67 and P/C OI 0.55. Dealers are long gamma (Total GEX +$76.7M) and concentrated hedging sits near $16.50–$17.00, making those levels pin magnets while large call OI clusters further out ($19–$22) form structural upside walls.

Notable Prints

SOFI 2026-05-15 $2.00 Call (ITM)

Vol: 692

OI: 166

Vol/OI: 4.2x

IV: 1065.6%

Notional: ~$987,900

Intent: Large structured/positioned directional call (long-dated ITM call buys or part of complex with stock) — aggressive bullish exposure

Dual read: Could be buy-to-open aggressive directional exposure or dealer taking the other side of a structured package (limited visibility)

Read-through: Size and extreme IV suggest one or few buyers pushing deep ITM delta exposure — consistent with institutional synthetic/stock replacement positioning adding long exposure into the bullish flow regime.

SOFI 2026-04-24 $16.50 Call (OTM)

Vol: 4,265

OI: 852

Vol/OI: 5.0x

IV: 54.7%

Notional: ~$260,165

Intent: Fresh short-dated directional call buying or dealer writing into demand (delta pick-up near gamma concentration)

Dual read: Bought calls (bullish) or sold calls as part of a call spread/structure (neutral to mildly bearish)

Read-through: High volume vs. low OI at a near-term pin (GEX +$25.1M at $16.50) amplifies dealer hedging flows — supports pinning around $16.50/$16.00 in the coming sessions.

SOFI 2026-04-24 $16.50 Put (ITM)

Vol: 773

OI: 218

Vol/OI: 3.5x

IV: 53.5%

Notional: ~$64,932

Intent: Protective/expiration-driven put buys or short-dated hedges

Dual read: Could be bought protection (bearish or hedge) or part of a collar where calls were bought elsewhere

Read-through: Put flow is smaller notional vs calls but clustered at the same strike as large call activity — suggests both hedging and two-sided dealer adjustments around the gamma flip area.

SOFI 2026-10-16 $24.00 Call (OTM)

Vol: 1,695

OI: 777

Vol/OI: 2.2x

IV: 64.6%

Notional: ~$161,025

Intent: Long-dated call accumulation — directional upside exposure or part of a calendar/diagonal

Dual read: Could be outright bullish call buys or opening leg of a spread selling nearer-dated calls

Read-through: Adds to evidence that institutions are comfortable adding longer-dated upside convexity while near-term dealers manage gamma in the $16–$17 band.

Institutional Positioning

Call additions: $16.50-$17.00 near-term activity and heavy OI clusters at $19.00/$20.00/$22.00 indicate institutions are adding upside exposure (both short-dated lean and longer-dated calls like $24.00). Top premium flows show concentrated call premium at $17.00 ($1,546,028) and small/large strikes ($2.00, $1.00) skewed to calls.

Put additions: Puts are concentrated at $15.00 and $16.00 (56,644 OI at $16 put, 71,279 OI at $15 put) — evidence of protective positioning but today’s volume skews to calls. Some short-dated put activity appears hedging/expiration-driven.

GEX/DEX consistency: Yes — positive Total GEX +$76.7M and DEX +116.1M shares align with bullish flow and pinning at $16.50–$17.00

OI clusters: Largest OI clusters: $19.00 call (91,260), $22.00 call (89,010), $20.00/$20.00 calls (59,579 & 39,002), $16.00 put (56,644), $15.00 put (71,279). These create upside walls out near $19–$22 and a put floor/support in the $15.00–$16.00 band.

Hedging evidence: Yes — concentrated puts at $15-$16 and near-term put volume indicate protective hedging; dealer positive gamma at $16.50 and $17.00 implies dealers are buying stock into dips. Minimal evidence of systematic collars today (call-heavy net premium).

Max pain context: Max pain near-term at $16 (04-10) and rising to $17 over coming expirations — combined with large call OI clusters this sets a pin/magnet bias toward $16–$17 as expirations approach.

Signal vs Noise

~$2.00 call premium line (Top Premium Flow: $2.00 strikes show large net call premium) — likely part of structured, long-dated institutional positioning rather than an immediate directional short-term signal.

~High IV and oddity of the 2026-05-15 $2.00 ITM call (IV 1065.6%) — treated as structured/complex; don't read as pure short-term call-buy without more context.

~Near-term $16.50/$16.00 put prints around expirations look like expiration/roll hedges rather than fresh bearish conviction.

~High OI at far out calls ($19-$22) is a structural wall from prior positioning, not necessarily fresh bullish buying today.

Key Conclusions

🐂Net premium and P/C ratios point to a bullish short-term flow with dealers long gamma (Total GEX +$76.7M) and pinning pressure around $16.50–$17.00.

📌Pin/Max Pain: Near-term expiries pin to $16 (04-10) and $17 on successive expirations — expect price magnet behavior between $16–$17.

🧭Key support cluster at $15.00–$16.00 from large put OI (71,279 at $15; 56,644 at $16) and gamma flip near $15 — downside is cushioned unless gamma breaks.

🧱Structural resistance/upside wall in the $19–$22 zone (largest call OI: 91,260 at $19; 89,010 at $22) — further rallies may slow into that band.

🔁Unusual short-dated call buying at $16.50 and large long-dated ITM call at $2.00 (05-15) likely reflect institutional positioning/stock replacement — interpret as durable bullish exposure rather than transient retail impulse.

How to Use These Reports

This flow reflects the market close on April 9, 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.