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SOFI

SoFi Technologies, Inc.Close $19.50EOD only

Max Pain

$17.50

Next expiry Apr 24, 2026

Expected Move

±$1.02

5.2% from close

Price Gap

-2.00

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.52

Slightly call-heavy

Consensus

6.5/10

Range bias

Published snapshot: Apr 20, 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 20, 2026 close

SOFI Flow Report

Analysis based on market close April 21, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.6% from MP; +0.5 VIX 20

Watch next session: Spot vs MPs for pin risk; Net option flow and large prints; VIX and IV shifts; Gamma flip movement

Flow Summary

Net premium: +$13.0M bullish

P/C volume ratio: 0.50

P/C OI ratio: 0.53

Bullish flow: strong positive GEX and heavy call prints imply pinning and dealer short-delta; tail risk remains from high IV/VIX, spot above MPs, and concentrated puts that could trigger reversal.

Notable Prints

SOFI 2026-05-15 $18.50 Put

Vol: 794

OI: 117

Vol/OI: 6.8x

IV: 75.8%

Notional: ~$99K

Intent: protective buy

Dual read: spec sell-to-open

Read-through: near-term downside hedging

SOFI 2026-09-18 $2.00 Call

Vol: 788

OI: 129

Vol/OI: 6.1x

IV: 225.8%

Notional: ~$1.4M

Intent: long lottery buy

Dual read: call spread leg

Read-through: tail upside exposure

SOFI 2026-05-29 $19.50 Put

Vol: 542

OI: 215

Vol/OI: 2.5x

IV: 64.5%

Notional: ~$103K

Intent: protective buy

Dual read: liquidation hedge

Read-through: pinning pressure near strikes

SOFI 2026-05-15 $2.00 Call

Vol: 832

OI: 468

Vol/OI: 1.8x

IV: 537.5%

Notional: ~$1.5M

Intent: lottery buy

Dual read: synthetic/workaround

Read-through: deep-OTM upside demand

SOFI 2026-08-21 $2.00 Call

Vol: 804

OI: 533

Vol/OI: 1.5x

IV: 242.2%

Notional: ~$1.4M

Intent: speculative buy

Dual read: calendar/spread leg

Read-through: multi-month upside interest

Institutional Positioning

Call additions: Repeated long-dated $2 calls across expiries suggest directional/structured exposure but many prints show low OI and may be isolated or retail-driven.

Put additions: Near-term puts concentrated at $18.5–$19.5 (May/May29) — consistent with dealer hedging/pinning or protective buying.

GEX/DEX consistency: GEX +$122M / DEX +122M point to net dealer gamma tailwinds, but elevated IV and low-OI call prints weaken a confident bullish inference.

OI clusters: Largest OI in near-term puts ~70,809 (~20% below spot); notable but thin long-dated call OI vs lots of small prints at $2.

Hedging evidence: Put buying and clustered near-term strikes imply dealer delta-hedging; collars possible given concurrent call activity but structure is ambiguous due to retail/IV skew.

Max pain context: Spot ~4.6% above MP; near-term liquidity and hedging could pin toward mid-high teens, though IV-driven distortions add uncertainty.

Signal vs Noise

~Signal: clustered near-term puts (18.5–19.5) implying dealer hedging/pin risk.

~Signal: recurring long-dated $2 call flow hints at directional or structured long positions but low OI weakens conviction.

~Noise: high IV and retail/vol-skew around $2 calls can exaggerate directional read — down-weight isolated prints.

~Noise: single large prints with low follow-on OI are ambiguous and should be treated cautiously.

Key Conclusions

📌Flow and GEX/DEX lean supportive of dealers buying gamma, but elevated IV and low-OI call prints temper bullish confidence.

🔎Two-way dynamics: dealers likely hedging near-term puts around $18–19 while funds hold deep-$2 calls — expect pinch/pinning risk but hedge structure is unclear.

How to Use These Reports

This flow reflects the market close on April 21, 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.