SOFI

Watch next session: Follow follow-through in heavy put/call prints (4/24 expirations); Monitor spot vs gamma-flip ~15 and distance to MP; Watch IV and VIX for stress signs; Track net premium and GEX movement

Net premium: +$32.8M bullish

P/C volume ratio: 0.38

P/C OI ratio: 0.53

Call additions: Call demand concentrated in Apr–Dec at ~21.5–23.0 strikes (notable sizes but mixed tenure).

Put additions: Put accumulation clustered ~19.0–21.5 (meaningful OI at 19.0); very-low-premium (<$0.05) prints excluded as noisy.

GEX/DEX consistency: Flow is generally bullish; GEX +$317M and DEX +$140M support upside skew, though short-term gamma and news can flip dynamics.

OI clusters: Largest, reliable OI: 19.0 puts and 21.5/23.0 calls. Small, penny-priced strikes exist but are treated as noise, not directional anchors.

Hedging evidence: Evidence of downside hedging/collars and elevated IV on short-dated puts consistent with protective buying.

Max pain context: Max Pain sits below spot; probability-weighted scenarios: 40–60% drift toward 19–21 into nearby expiries if gamma persists, 30% range-bound, 10–30% breakout if volatility spikes or catalysts arrive; time decay and new flow can alter these odds.