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SOFI

SoFi Technologies, Inc.Close $19.03EOD only
Max Pain
$17.00
Next expiry Apr 17, 2026
Expected Move
±$0.47
2.4% from close
Price Gap
-2.03
Distance to max pain
IV Rank
100
High premium
P/C OI
0.52
Slightly call-heavy
Consensus
6.5/10
Consensus signal
Published snapshot: Apr 16, 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 16, 2026 close
SOFI Theta Report
Analysis based on market close April 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short-dated put credit spreads (sell weekly 1-2 strikes OTM)
Invalidation: Move below $15 or sudden IV collapse toward VIX<12 that removes pinning
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 14.3% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
Underlying IV rich vs VIX; avg IV ~81% vs VIX 17; short-dated ATM trunks show extreme dispersion
Favorable?
Yes

Term structure: Front-week ripped down (0d 15.8% anomalous) then 7–42d elevated; skewed puts richer near-dated; structural long-dated mean ~63–65%

📌Max-pain cluster at $17 across near expiries
📈Dealer GEX +$317M supports pinning and theta tailwinds
⚠️Very high avg IV (81%) increases tail risk despite favorable flow

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+317.3M)

Gamma flip: ~$15.00 — Approx — based on put OI concentration of 70,926 (22.8% below spot)

OI concentrations: Put OI concentrated ~70,926 (~22.8% below spot) with max-pain $17 cluster; call OI wall $22–25

Verdict: High pin-risk near $17; upside drift reinforced by positive GEX but vulnerable to fast gap moves

Premium Opportunities

#1
Put credit spread
Sell 2026-05-08 $15.00/$12.00 put spread
Collect premium selling 15/12 05-08 to exploit elevated near-term IV and pin risk while capping loss
Credit: $0.09-$0.12
Max loss: $2.88
BE: $14.88
Mgmt: Close or roll if price <17 or IV front-week collapses; cut at move below 16.9 Liquidity warning: Liquidity constraints: long_put: Wide spread (67%).
#2
Iron condor
Sell 2026-05-08 $15.00/$12.00 put wing and $24.00/$27.00 call wing
Sell both wings to harvest dispersion between short-dated skewed vols while limiting tail risk
Credit: $0.23-$0.28
Max loss: $2.72
BE: 14.72 / 24.28
Mgmt: Manage legs asymmetrically; roll/hedge if underlying breaches short put invalidation or calls rally into losses Liquidity warning: Liquidity constraints: long_put: Wide spread (67%).; long_call: Wide spread (120%).
#3
Cash-secured put
Sell 2026-05-08 $15.00 cash-secured put
Sell 15 put to potentially acquire shares at effective ~14.83 while collecting rich IV premium
Credit: $0.14-$0.17
Max loss: $14.83
BE: $14.83
Mgmt: Ensure capital to buy if assigned; buy back if price <16.9 or IV regime normalizes

Risk Alerts

!Gap below gamma-flip $15 accelerates put-driven selling
!IV regime reversion (VIX→12 or front-week IV collapse) invalidates premium bias
!Earnings/news could spike short-dated put IV and break pin

Read the Theta analysis for SOFI for 2026-04-17. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.