Home Options SOFIReports

SOFI

SoFi Technologies, Inc.Close $15.65EOD only

Max Pain

$15.50

Next expiry May 22, 2026

Expected Move

±$0.40

2.5% from close

Price Gap

-0.15

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 21, 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 21, 2026 close

SOFI Theta Report

Analysis based on market close April 6, 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 6, 2026. A newer theta report is available for May 21, 2026.

View latest report

Theta Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.7% from MP

IV Environment

IV Regime

High

IV vs VIX

IV 71.9% — extremely elevated

Favorable?

Yes

Term structure: Humped at 5/01 (70.6%), elevated across all expirations

💰IV >70% provides rich premium for sellers

📈High IV favors defined-risk spreads

Pin Risk Assessment

Spot vs MP: Above by 1.7%

GEX regime: Pinning (GEX +$54.0M)

Gamma flip: ~$15.00 — Below $15, dealers amplify downward moves

OI concentrations: Call walls: $19 (88,624 OI), $22 (87,947 OI); Put floors: $15 (71,285 OI), $16 (57,464 OI)

Verdict: Highly favorable — strong positive GEX and OI clusters create multiple pin magnets

Premium Opportunities

put spread

Sell $15.50/$14.50 put spread 2026-04-24 (18 DTE)

High IV (62.0%) with strong pinning at $16-$17; $15.50 is above gamma flip with positive GEX; $14.50 is below expected move lower bound ($14.49)

Credit: $0.18-$0.22

Max loss: $0.82

BE: $15.32

Mgmt: Close at 65% profit; exit if spot closes below $15.25; roll up/out if tested

iron condor

Sell $15/$14P x $18/$19C 2026-04-24 (18 DTE)

Captures pinning between $16-$17; puts below gamma flip with OI support; calls below major $19 call wall; fits within expected move range ($14.49-$18.06)

Credit: $0.35-$0.45

Max loss: $0.55

BE: 14.55/18.45

Mgmt: Close at 50% profit; manage wings independently if tested; exit if spot breaches $14.75 or $17.75

covered call

Sell $17.50 call 2026-04-24 (18 DTE) against long stock

Spot below max pain ($17); $17.50 is strong pin magnet (+$7.4M GEX) with high call OI; collects theta in high IV environment with upside to $17.50

Credit: $0.05-$0.06

Max loss: Unlimited above $17.50 (stock depreciation risk)

BE: $16.21

Mgmt: Roll up/out if spot approaches $17.25; close at 80% profit; consider assignment if spot > $17.50 at expiration

put spread

Sell $16/$15 put spread 2026-04-17 (11 DTE)

Weekly defined-risk play; $16 is max pain for 4/10 and 5/01 with massive put OI (57,464); $15 is structural put floor; high IV (60.2%) for short DTE

Credit: $0.26-$0.32

Max loss: $0.68

BE: $15.74

Mgmt: Close at 70% profit; exit if spot closes below $15.75; do not hold through earnings

calendar spread

Sell $17 call 2026-04-10 (4 DTE) / Buy $17 call 2026-04-24 (18 DTE)

Exploits IV term structure hump; $17 is max pain for 4/17 and 4/24 with +$13.9M GEX pin magnet; benefits from faster theta decay on short weekly option

Credit: $0.08-$0.12

Max loss: Limited to net debit if constructed

BE: Complex — depends on volatility decay

Mgmt: Close when short option reaches 50% max profit; exit if spot moves beyond $16.50-$17.50; roll short leg if tested

Risk Alerts

!Earnings 2026-04-28/29 — close all short premium positions before 4/25

!Gamma flip at $15 — breach could trigger accelerated selling

!High IV >70% — monitor for IV crush post-earnings

!Unusual call buying at $19 (May) and $24-25 (Oct) suggests institutional bullish bets

!P/C volume ratio 0.37 indicates heavy call buying flow — could push price toward resistance

!MP trend rising ($16→$17) — suggests upward pinning pressure over time

How to Use These Reports

This theta reflects the market close on April 6, 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.