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SOFI

SoFi Technologies, Inc.Close $18.22EOD only

Max Pain

$16.00

Next expiry Jun 5, 2026

Expected Move

±$1.14

6.3% from close

Price Gap

-2.22

Distance to max pain

IV Rank

High premium

P/C OI

0.49

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 29, 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 29, 2026 close

SOFI Flow Report

Analysis based on market close April 15, 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 15, 2026. A newer flow report is available for May 26, 2026.

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Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.5% from MP; +0.5 VIX 18

Watch next session: Follow-through on call-side flow into the 2026-04-24/05-01 expiries (adds at $19-$20-$22 strikes), specifically whether the $20 call accumulation (SOFI260515C00020000) continues to print.; Price reaction at $19.00 intraday rejection would weaken the bullish thesis; firm close above $19.50/$20.00 would confirm.

Flow Summary

Net premium: +$53.2M bullish

P/C volume ratio: 0.19

P/C OI ratio: 0.55

Call demand is concentrated and sizable at the $20 strike (massive print SOFI260515C00020000 Vol=90,800, OI=38,898) and across $19-$22 strikes, making upside exposure the dominant flow. Simultaneous short-dated put prints ($18.50/4/17 and $18.00/5/01) are visible but look like defensive hedges; overall the session reinforces dealer call-sell hedging that pins toward $19.00$20.00.

Notable Prints

SOFI260515C00020000

Vol: 90,800

OI: 38,898

Vol/OI: 2.3x

IV: 71.5%

Notional: ~$98M

Intent: Large directional call accumulation / structured upside exposure at $20 (5/15).

Dual read: Could be outright institutional call buys for leveraged upside or part of a spread/structured package where far OTM calls are sold/bought in size; OI is already large (38,898), so this print materially shifts dealer hedging demand.

Read-through: This is the single largest print by volume and materially reinforces the bullish call-side narrative and dealer delta-hedging into the $20 band; expect persistent selling pressure from dealers into rallies toward $20-$22 unless absorbed by stock buying.

SOFI260417P00018500

Vol: 10,264

OI: 195

Vol/OI: 52.6x

IV: 55.1%

Notional: ~$246K

Intent: Short-dated protective/hedge put buying into front expiry (2d).

Dual read: Could be urgent protective buys ahead of the 4/17 expiry or dealer gamma inventory adjustments concentrated into front expiry.

Read-through: Significant front-expiry put interest increases short-term skew and dealer hedging needs; dollar impact small versus the $20 call accumulation, so more defensive than market-moving on its own.

SOFI260501P00018000

Vol: 13,149

OI: 1,312

Vol/OI: 10.0x

IV: 81.1%

Notional: ~$1.2M

Intent: Near-term protective put accumulation (May 1) around $18, likely hedging into the earnings window.

Dual read: Could be protective hedges or volatility/speculation ahead of mid-term events; elevated IV supports hedging motivation.

Read-through: Reinforces presence of targeted downside protection but remains secondary to dominant call accumulation at $20.

SOFI260424C00020500

Vol: 2,084

OI: 653

Vol/OI: 3.2x

IV: 57.8%

Notional: ~$40K

Intent: Front-to-mid expiry tactical call buys at $20.50 (4/24) supporting short-term upside exposure and dealer call-sell hedging.

Dual read: Could be part of diagonals or small speculative buys, but size into the 4/24 expiry and proximity to the $20 wall suggests reinforcement of short-term pinning.

Read-through: Contributes to immediate upside gamma and dealer hedging into the $20 area.

SOFI260529C00018500

Vol: 662

OI: 141

Vol/OI: 4.7x

IV: 67.8%

Notional: ~$127K

Intent: Medium-dated $18.50 call accumulation (5/29) likely for cheap near-ATM upside or to roll other positions.

Dual read: Could be roll/diagonal activity from nearer-term calls or speculative accumulation.

Read-through: Adds to call-side exposure across expiries and complements the $20/$19 prints, supporting the multi-expiry bullish posture.

SOFI260508C00025000

Vol: 465

OI: 182

Vol/OI: 2.5x

IV: 74.2%

Notional: ~$60K

Intent: Out-of-the-money $25 call speculative buys (5/08) to extend upside exposure further out; likely non-hedge, convexity-seeking flow.

Dual read: Small relative notional vs $20 prints but consistent with call-accumulation skew to the upside.

Read-through: Supports the narrative that institutions are buying upside optionality across tenors; limited immediate dealer-hedging impact versus the $20 concentration.

Institutional Positioning

Call additions: Large, concentrated buys at $20 (SOFI260515C00020000 Vol=90,800, OI=38,898) plus heavy premium at $19 and $20 across front and mid expiries; additional accumulation at $22 and $24 highlights a tilted upside structure.

Put additions: Targeted short-dated protective prints at $18.50 (4/17) and $18.00 (5/01) are present, plus longer-dated structural put OI at $15-$16; these reads point to tactical hedging beneath spot rather than equal-weighted bearish positioning.

GEX/DEX consistency: Yes the oversized $20 call flow materially increases dealer short-call exposure and required delta-hedging, consistent with the reported GEX +$218.7M and near-term GEX concentration at $19.00 (+$92.2M).

OI clusters: Largest OI clusters now read as an active upside magnet: $19 call (95,088), $20 call (59,790/39,264 across expiries), and the massive $20 print (38,898) create a significant dealer-hedged band near $19$20; put OI keeps a floor at $15-$16 but todays flows shift the short-term focal point higher.

Hedging evidence: Clear: large $20 call accumulation forces dealer call-selling and delta-hedging (buying stock or calls) which supports spot; concurrent short-dated puts are defensive hedges from buyers and create asymmetric risk but do not offset the scale of call-led dealer hedging.

Max pain context: Max pain pins are clustered around $17 across near expiries, but current flow and GEX pinning are pushing a short-term magnet toward $19.00; institutional activity appears aimed at upside optionality while leaving longer-dated max pain intact.

Signal vs Noise

~SOFI260417P00018500 (4/17 $18.50) — extremely elevated vol vs tiny OI suggests concentrated short‑dated defensive trades and dealer inventory adjustments; small notional relative to call premium, likely more hedge than directional conviction.

~Far‑OTM prints like SOFI260424P00012500 ($12.50) and SOFI260508C00025000 ($25.00) are low notional and very high IV — probably speculative lotto buys or structured flow legs, not primary directional signals.

~High‑IV deep ITM/odd strikes (SOFI260821C00002000 $2.00) reflect structured positions or conversions; treat as non-directional noise without follow-through in near expiries.

~Large call OI at $22/$25 are structural and may be legacy positions; single-session small adds there are less informative than the concentrated front‑expiry $19/$20 flow.

Key Conclusions

🐂Net flow and GEX both favor upside pinning toward $19.00–$20.00; dealers are long gamma into this band which supports range-bound strength.

🛡️Front‑dated put buying (4/17 and 5/01 at $18.50/$18.00) is defensive — monitor whether this intensifies into earnings (4/28); isolated prints so far look like targeted hedges, not wholesale repositioning.

🔁Watch $19.00 intraday: continued call premium and dealer hedging above it would confirm flow; failure and rising put volume toward $17.00 would invalidate the bullish view.

How to Use These Reports

This flow reflects the market close on April 15, 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.

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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.