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SOFI

SoFi Technologies, Inc.Close $19.43EOD only

Max Pain

$17.00

Next expiry Apr 24, 2026

Expected Move

±$1.18

6.1% from close

Price Gap

-2.43

Distance to max pain

IV Rank

100

High premium

P/C OI

0.53

Slightly call-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Apr 17, 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 17, 2026 close

SOFI Flow Report

Analysis based on market close April 10, 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 10, 2026. A newer flow report is available for April 17, 2026.

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Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.4% from MP

Watch next session: Build-up of OI or fresh premium at $17.00/$17.50 calls (near-term pin levels); Heavy put buying or spiking volume at $15.00-$16.00 puts that pushes P/C volume ratio above 0.8

Flow Summary

Net premium: +$5.3M bullish

P/C volume ratio: 0.39 — call-dominant (strong call flow today)

P/C OI ratio: 0.56 — moderate call lean in positioning (calls favored but puts still present)

Flow today is clearly call-biased: net premium of +$5.3M and a low P/C volume ratio (0.39) point to fresh bullish demand. Dealers are long gamma (GEX +$24.5M) and delta exposure (DEX +111.7M shares), producing pinning dynamics toward nearby call-dense strikes ($17-$19). The presence of concentrated put OI at $15-$16 acts as a dealer gamma floor while large call walls at $18-$22 create upside resistance/pin targets.

Notable Prints

SOFI 2026-05-15 $21.00 Call

Vol: 9,801

OI: 6,354

Vol/OI: 1.5x

IV: 65.0%

Notional: ~$166,617

Intent: Directional call accumulation or leg in a longer-dated call structure (bullish exposure)

Dual read: Aggressive fresh call buying (bullish) or dealers/offshore creating short call risk as part of a structured sale (neutral to hedged)

Read-through: Large May-15 call flow concentrated at $21 (vol/OI 1.54) signals real size. While OI is already material (6,354), today's heavy volume likely adds fresh bullish exposure that will force dealers to buy shares into upside moves or manage gamma into expiration.

SOFI 2026-08-21 $32.00 Call

Vol: 8,610

OI: 391

Vol/OI: 22.0x

IV: 67.4%

Notional: ~$155,000

Intent: Speculative long-dated call accumulation or tail risk position (directional/momentum)

Dual read: Long conviction lottery-ticket buys (bullish) or established position roll/leg add (neutral if part of multi-leg structures)

Read-through: Very high vol/OI (22x) on a far-OTM $32 call indicates speculative directional exposure rather than hedge. Notional is small relative to overall market but it's meaningful as a pure risk-on signal from retail/strategic speculators.

SOFI 2026-07-17 $2.00 Call (ITM)

Vol: 772

OI: 173

Vol/OI: 4.5x

IV: 309.4%

Notional: ~$1.10M

Intent: Complex structured trade or rollover (large IV and ITM status suggests corporate/derivative conversions or financing-related activity)

Dual read: Could be aggressive directional long-dated call buying (bullish) OR part of an issuance/employee-derivative exercise/structured conversion (non-directional)

Read-through: Extremely high IV (309.4%) and elevated vol/OI suggest this is not a simple retail bet; treat as structure-related unless follow-up shows consistent buying in adjacent strikes/expiries.

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

Vol: 692

OI: 246

Vol/OI: 2.8x

IV: 540.6%

Notional: ~$986,700

Intent: Large ITM call flow consistent with structured financing or concentrated long exposure

Dual read: Could be directional ownership of long-dated intrinsic exposure (bullish) or part of a corporate/employee/issuer-related set (neutral)

Read-through: Very elevated IV (540.6%) flags a non-standard trade — interpret cautiously; it reinforces long-dated call demand but may not translate to near-term delta-driven buying.

Institutional Positioning

Call additions: $17.00-$19.00 and deeper $18-$22 area (seen in near-term OI clusters and premium flow), especially visible in 4/17–5/15 expirations

Put additions: Concentrated put OI at $15.00 and $16.00 (57,591 at $16 put; 28,257/30,251 at $15 depending on expiration) — protective/downside floors

GEX/DEX consistency: Yes — positive GEX (+$24.5M) and large DEX (+111.7M shares) align with bullish flow and pinning toward call-heavy strikes ($17-$19).

OI clusters: $19.00 call wall (91,141 OI), $22.00 call wall (89,008 OI), call cluster also at $17.00/$18.00 (39,027 / 38,901 OI). Put concentration at $16.00 (57,591 OI) and $15.00 (28,257/30,251 OI) creates a gamma-supported floor.

Hedging evidence: Clear dealer hedging: large put OI at $15-$16 aligns with the gamma flip near ~$15 and creates mechanical buy support; limited evidence of full collars — more asymmetric call accumulation with put floors.

Max pain context: Max pain near-term sits at $16 (4/10) and moves to $17 (4/17). MP trend is rising; spot ($16.22) sits above the immediate MP $16 and within the 1w EM range [$15.26-$17.18], so pinning pressure toward $17 is likely if call flow persists.

Signal vs Noise

~Large ITM long-dated $2.00 calls (May/Jul) — likely structured/issuer or employee-related given extremely high IVs (309.4%, 540.6%) and should not be taken purely as near-term bullish order flow.

~Significant premium at low-dollar strike labels (Top Premium Flow entries showing $2.00 and $1.00 lines) likely reflect deep-ITM/structured transactions rather than pure directional retail buying.

~Heavy volume at $16.00 puts (6,987 vol vs OI 57,591) is consistent with dealer gamma hedging and expiration management (pin behavior) — not necessarily fresh bearish conviction.

~Long-dated far-OTM $32.00 call (8,610 vol vs OI 391) is speculative 'lottery' buying; small notional relative to total market — noisy for near-term direction but confirms risk-seeking interest.

Key Conclusions

🐂Net premium +$5.3M and P/C vol 0.39 indicate clear bullish flow concentrated into calls (notably $17-$19). GEX +$24.5M reinforces dealer long-gamma support.

📌Pinning dynamics are in force: near-term GEX concentration at $17.00 (+$6.9M) and $19.00 (+$9.0M) with MP shifting to $17 over the next expiry window.

🛡️Put OI clustered at $15-$16 is acting as a dealer-provided floor; downward moves are likely to face gamma-fueled buying near ~$15 (gamma flip ~$15).

⚠️Several large ITM/long-dated call prints have extreme IVs — treat as potential structured or corporate activity rather than pure directional conviction unless repeated in adjacent strikes/expiries.

👀Watch fresh OI/premium at $17.00-$17.50 and any sudden increase in put flow at $15.00-$16.00; these will confirm whether dealers are forced to buy or sell stock into the next session.

How to Use These Reports

This flow reflects the market close on April 10, 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.