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SOFI

SoFi Technologies, Inc.Close $16.17EOD only

Max Pain

$16.00

Next expiry May 29, 2026

Expected Move

±$0.60

3.7% from close

Price Gap

-0.17

Distance to max pain

IV Rank

High premium

P/C OI

0.51

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 27, 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 27, 2026 close

SOFI Theta Report

Analysis based on market close April 15, 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 15, 2026. A newer theta report is available for May 26, 2026.

View latest report

Theta Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.5% from MP; +0.5 VIX 18

IV Environment

IV Regime

High

IV vs VIX

Avg IV 75.0% vs VIX 18.17 — IV is highly elevated vs market vol

Favorable?

Yes

Term structure: Very steep near-to-mid term skew: 2d ATM 55.8% -> 16d ATM 82.3% then easing into mid 60s for multi-months

💰Very rich IV (Avg IV 75.0%) gives strong premium to sellers

📈Positive GEX (+$218.7M) + bullish net premium ($53.2M) creates pinning / support bias

⚠️Earnings in 13 days (2026-04-28) elevates tail risk for naked short exposure

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+218.7M)

Gamma flip: ~$15.00 — Approx — based on put OI concentration of 71,127 (20.2% below spot)

OI concentrations: Large call OI wall at $19.00 (95,088 OI) and concentrated puts at $15.00/$16.00 (71,127 / 60,097 OI). Near-term GEX concentration +$92.2M at $19.00, +$16.5M at $18.00, +$15.7M at $18.50.

Verdict: Favorable — strong positive GEX (+$218.7M) and call OI around $19 act as a pin magnet above spot; max pain cluster near $17.00 provides put-side support. This pinning environment generally favors defined-risk credit sells (put spreads, iron condors) while making naked short strikes near the pin safer but still subject to pin/backtest risk.

Premium Opportunities

Put credit spread

Sell 2026-05-15 $17.00/$14.00 put spread

Sell a short-dated-to-mid DTE put credit spread near $17 support to harvest elevated premium while keeping defined risk; prefer expirations 25–55 DTE and 3-point wide protective long puts.

Credit: $0.51-$0.63

Max loss: $2.37

BE: $16.37

Mgmt: Take profits at 50–75% credit captured; tighten or roll if daily close below $17.00; exit if price approaches gamma flip ~$15.00

Call diagonal

Sell 2026-04-24 $19.00 call / buy 2026-07-17 $20.00 call

Sell the 2026-04-24 front call into the $19 pin and buy a 2026-07-17 call to retain upside while monetizing front-month theta and elevated IV.

Debit: $1.17-$1.42

Max loss: $1.42

BE: Path-dependent

Mgmt: Buy to close short leg on 30–50% of max profit or if spot > $19.50; consider rolling short leg out 1–2 weeks higher if bullish bias persists

Iron condor

Sell 2026-04-24 $17.50/$12.50 put wing and $20.50/$25.00 call wing

Sell defined wings around $17 put support and $19–$20 call resistance using 9–30 DTE expirations; keep wings tight relative to expected move and avoid selling naked into earnings.

Credit: $0.36-$0.44

Max loss: $4.56

BE: 17.06 / 20.94

Mgmt: Close or adjust on 50–70% of max profit, or if daily close outside 1-week EM bounds [$17.29 - $20.30]; widen/roll if implied vol collapses or price trends

Risk Alerts

!Earnings scheduled 2026-04-28 (13 days) — do not sell naked through earnings; use defined-risk structures or wait for post-earnings repricing.

!Gamma flip ~$15.00 — a close toward or below this will accelerate downside; exit/hedge credit exposure if price moves below $15.00.

!Pin pressure at $19.00 and $17.00 means short-dated positions can pin into expirations (2026-04-17 mp $17.00; 2026-04-24 mp $16.50) — manage assignment risk and short strikes near these levels.

!Extremely high Avg IV (75.0%) increases both premium and the magnitude of spot moves; IV can reprice quickly and widen spreads—use defined risk where possible.

!Unusual activity: concentrated volume in short-dated $18.50 put (4% OTM 04-17) and heavy flow at $20.00/$19.00 calls — institutional blocks could cause directional gaps.

How to Use These Reports

This theta reflects the market close on April 15, 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.