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SOFI

SoFi Technologies, Inc.Close $15.69EOD only

Max Pain

$15.50

Next expiry May 22, 2026

Expected Move

±$0.59

3.8% from close

Price Gap

-0.19

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.52

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 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

May 20, 2026 close

SOFI Theta Report

Analysis based on market close March 25, 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 March 25, 2026. A newer theta report is available for May 20, 2026.

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Theta Verdict

Confidence:

7.5 / 10

IV Environment

IV Regime

High

IV vs VIX

IV 72% vs VIX unknown — extremely rich

Favorable?

Yes

Term structure: Backwardation in near-term (61-62% for 2-30 DTE), hump at 37-51 DTE (66-67%), then flattening. Calendar spreads could work selling May and buying April.

📈IV at 72% — premium selling paradise

📅Term structure shows May/June IV peak at 66-67%

💰30 DTE ATM puts yield ~$1.30-1.50 in premium

Pin Risk Assessment

Spot vs MP: At max pain $17 (spot $17.12) — perfect alignment

GEX regime: Strong Pinning (+$70.4M GEX — mean-reverting)

Gamma flip: ~$16.00 — Below $16, negative gamma accelerates selling pressure

OI concentrations: Massive $19C (91,616 OI) and $16P (71,360 OI) walls. $15P (68,512 OI) secondary support.

Verdict: Highly favorable for credit positions — strong pinning at $17 with defined risk zones

Premium Opportunities

CSP

Sell 16P 4/24 (30 DTE)

Massive $16P OI wall (71,360 contracts) creates strong support. 30 DTE captures high IV (62%) while avoiding May IV peak. $0.75 credit = 4.7% ROI in 30 days. Gamma flip at $16 provides natural buffer.

Max loss: $1600.00

BE: $15.35

Mgmt: Take profit at 50% of max profit (~$0.38). Roll at 21 DTE if challenged. Stop loss if breaks below $15.50 with conviction.

put spread

Sell 16P / Buy 15P 4/24 (30 DTE)

Defined risk version of CSP #1. Captures $16P support with $15P backup (68,512 OI). $0.40 credit = 61.5% ROI on risk. Perfect for conservative accounts in high IV environment.

Max loss: $65.00

BE: $15.65

Mgmt: Close at 50% max profit (~$0.20). Let expire worthless if above $16. No roll needed — defined risk.

iron condor

Sell 15P/16P & 19C/20C 4/24 (30 DTE)

Capitalizes on both $16P support and $19C resistance (91,616 OI). Expected move ±$2.45 gives $14.68-$19.57 range — condor sits comfortably inside. $0.80 credit = 266% ROI on risk.

Max loss: $30.00

BE: $15.30

Mgmt: Close at 50% max profit (~$0.40). Manage wings separately if one side challenged. Close entire position if spot breaches $15.50 or $18.50.

calendar spread

Sell 17C 5/1 / Buy 17C 4/24

Exploits IV term structure: sell May (67% IV) vs buy April (62% IV). Max pain at $17 across expirations creates ideal pinning zone. Captures theta decay differential with minimal directional risk.

Max loss: $85.00

Mgmt: Close when front month decays significantly (7-10 DTE). Roll if spot moves >$0.50 from $17. Max loss limited to debit paid.

Risk Alerts

!Earnings date unknown — verify before selling through any earnings period. Never sell naked options through earnings in high IV names.

!Ex-dividend dates: SOFI doesn't pay dividends, so no early assignment risk from dividends.

!Gamma flip at $16 — below this level, negative gamma accelerates selling pressure. Be prepared to defend or exit put positions if $16 breaks with conviction.

!Massive $19C wall (91,616 OI) creates strong resistance — credit call spreads above $19 have favorable odds but watch for breakout attempts.

!Unusual activity in June $6P (116.8% IV) and July $6C (128.1% IV) suggests some speculative long-dated positioning — monitor for volatility spillover.

How to Use These Reports

This theta reflects the market close on March 25, 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.