Home Options SOFIReports

SOFI

SoFi Technologies, Inc.Close $19.06EOD only

Max Pain

$18.50

Next expiry Apr 24, 2026

Expected Move

±$0.70

3.6% from close

Price Gap

-0.56

Distance to max pain

IV Rank

Low premium

P/C OI

0.53

Slightly call-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Apr 22, 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 22, 2026 close

SOFI Theta Report

Analysis based on market close April 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 1.0% from MP; +0.5 VIX 19

IV Environment

IV Regime

High

IV vs VIX

Front-week ATM IV ~46% vs VIX ~34% (front IV ~12 pts > VIX); 1d puts ~117% (≈+80 pts vs calls)

Favorable?

Yes

Term structure: Very steep front-week term structure: 1d ATM 46%, 1w ATM ~60%, 1m ATM ~30%

📌Max pain cluster at $18 across expiries—spot ~1% from MP

⚠️Short-dated put skew extreme: 1d puts ~117% — elevates assignment/tail risk if stays rich or IV spikes

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+88.1M)

Gamma flip: ~$15.00 — Approx — based on put OI concentration of 70,851 (18.1% below spot)

OI concentrations: Put OI concentrated at $18 ≈70,851 contracts (~18–22% of near-date OI across next three expiries)

Verdict: High pinning/assignment risk into near expiries; heavy concentration at $18 increases chance of expiry pin and forced roll/assignment

Premium Opportunities

Put credit spread

Sell 2026-05-15 $16.00/$13.00 put spread

Sell 2026-05-15 16/13 put spread to collect front-week premium while limiting downside.

Credit: $0.33-$0.41

Max loss: $2.59

BE: $15.59

Mgmt: Keep size 2–5% risk per spread; buy wings or roll if price nears $16 or IV spikes >+30 pts; stop if break <$15.9.

Iron condor

Sell 2026-05-15 $15.50/$14.00 put wing and $22.00/$25.50 call wing

Sell 2026-05-15 15.5/14 put wing and 22/25.5 call wing to monetize range-bound outlook.

Credit: $0.35-$0.43

Max loss: $3.07

BE: 15.07 / 22.43

Mgmt: Small size (1–2%); tighten or buy protection if stock moves toward wings or IV dislocates.

Cash-secured put

Sell 2026-05-22 $16.50 cash-secured put

Sell 2026-05-22 $16.50 cash-secured put to collect elevated put premium.

Credit: $0.60-$0.73

Max loss: $15.77

BE: $15.77

Mgmt: Size 3–4% cash per put; plan assignment handling and avoid if price breaks <$15.9.

Risk Alerts

!Breached gamma flip ~$15

!Short-dated IV dislocation: 1d puts >> calls (puts ~+80 pts vs calls) — rapid IV spike >+30 pts would blow up sells

!Elevated assignment/pinning risk at $18; use hedged strikes or buy wings

!Call OI wall $20–$25 may cap upside

How to Use These Reports

This theta reflects the market close on April 23, 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.