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SOFI

SoFi Technologies, Inc.Close $16.22EOD only

Max Pain

$17.00

Next expiry Apr 17, 2026

Expected Move

±$0.96

5.9% from close

Price Gap

+0.78

Distance to max pain

IV Rank

High premium

P/C OI

0.56

Slightly call-heavy

Consensus

6.0/10

Range bias

Published snapshot: Apr 10, 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 10, 2026 close

SOFI Theta Report

Analysis based on market close April 10, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.4% from MP

IV Environment

IV Regime

High

IV vs VIX

ATM 53.0% (7d) → 65.7% (35d); VIX not provided — IV is elevated for name

Favorable?

Yes

Term structure: Front-week ATM IV 53.0% (4/17), 14d 54.6% (4/24) then rises to 71.4% at 21d (kink) and settles ~65% in 30-45 DTE — calendar-rich shape favors selling near the peak (30-45 DTE)

💰Avg IV 73.5% and ATM IV 65.7% in the 35d band — elevated vol gives good entry for premium sellers

🧭Term structure shows a hump at 21d–35d (ATM 71.4% → 65.7%) — prefer 30-45 DTE to capture richer decay

Pin Risk Assessment

Spot vs MP: Spot $16.22 — Above max pain $16.00 (2026-04-10) and MP rising to $17.00 on 4/17 (spot 1.4% above nearest MP)

GEX regime: Pinning (GEX +$24.5M) — dealer gamma concentrated on upside strikes creating a magnet effect

Gamma flip: ~$15.00 — Below ~$15 dealers switch to negative gamma behavior; risk of acceleration to downside increases under $15

OI concentrations: Call walls $18-$22 (large call OI at $19, $20, $22); Put floor at $15 with heavy put OI at $15 (71,283) and $16 (57,591)

Verdict: Favorable — positive GEX + large near-term put OI near $15-$16 creates a pinning magnet that supports short-put/credit strategies, but risk rises if price breaches ~$15 gamma flip

Premium Opportunities

put spread

Sell 15 / Buy 13 put spread exp 2026-05-15 (35 DTE)

35 DTE has rich IV (ATM 65.7%) and GEX pinning around $15-$16 supports puts staying out of the money; structural put floor at $15 and MP near $16 give a defensive buffer.

Credit: $0.95-$1.25

Max loss: $1.05

BE: 15.00 - credit (approx $14.05 - $14.05 depending on fill; use executed credit to calc)

Mgmt: Take profit at 60-70% of max credit; roll down-and-out (e.g., widen or push to next monthly 30-45 DTE) if price closes below $15.50 or if underlying trending toward $15; cut losses (buy back / convert) if price trades and closes below $15 (gamma flip) or if position hits 75% of max loss.

cash-secured put (naked put)

Sell 15 put exp 2026-05-15 (35 DTE)

Direct premium capture with concentrated put OI at $15 and pinning GEX supports short puts; good entry for investors comfortable acquiring stock near $15 at a basis reduced by collected premium.

Credit: $0.70-$1.00

Max loss: Unlimited until assigned; effectively (15 - spot) if assigned; cash-secured max loss = (strike - 0) - credit received ≈ $14.00 - $14.30 if assigned

BE: $14.30

Mgmt: Close at 50-70% of max profit; roll down and out (next 30-45 DTE) if price drifts toward $15 but fundamentals acceptable; do not hold naked through earnings (earnings 4/28-4/29 within the next 2–3 weeks).

covered call

Sell 17 call on long stock (or buy stock and sell call) exp 2026-05-15 (35 DTE)

Selling the 17 call collects rich premium (heavy flow into $17 calls) while staying within the 1-week EM guardrail and just above current MP; matches bullish flow and generates yield while capping upside.

Credit: $0.90-$1.30

Max loss: Stock downside minus premium (unlimited on upside assignment — capped by being covered)

BE: $15.32

Mgmt: Close or roll up if stock rallies and approaches $17 with >40% of premium left to be earned; buy back if assigned near earnings window; target 50% profit to close if time value has decayed below threshold or if implied vol drops substantially.

iron condor (defined-risk)

Sell 15/13 put spread + Sell 19/21 call spread exp 2026-05-15 (35 DTE)

Defined-risk two-sided income to harvest elevated IV while respecting pinning to the $15-$17 band; wide-ish wings reflect expected move to May 15 ($13.60 - $18.83) and keep the position outside immediate 1-week EM.

Credit: $1.10-$1.70

Max loss: $0.90

BE: Lower: 15 - credit (approx 13.90) ; Upper: 19 + credit (approx 20.10)

Mgmt: Take profit at 40-50% of max credit; tighten or buy back if either short strike is tested (price within 0.25–0.50 of short strike) or if GEX/flow shifts strongly negative; cut losses if it reaches 70% of max loss on either wing.

Risk Alerts

!Earnings 2026-04-28 and 2026-04-29 (within two weeks) — avoid selling naked through earnings and prefer defined-risk or close positions before announcement.

!Gamma flip ~$15 — if price trades and closes below $15 dealer behavior changes and downside acceleration becomes likely; exit or hedge all short puts below this level.

!High IV but skewed call flow (large call buyer flow at $2.00/$17.00 strikes) — directional institutional call buying can compress skew and change wing risk; monitor unusual flow.

!Short-dated pinning + heavy call OI at $19/$22 — asymmetric risk if price gaps higher into call walls; consider defined-risk for two-sided exposure.

!Assignment risk on ex-dividends: no ex-dividend date provided in data set (none detected) — verify before holding short ITM calls into potential dividend dates.

Read the Theta analysis for SOFI for 2026-04-10. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.