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SOFI

SoFi Technologies, Inc.Close $18.31EOD only
Max Pain
$17.00
Next expiry Aug 21, 2026
Expected Move
±$0.81
4.4% from close
Price Gap
-1.31
Distance to max pain
IV Rank
4
Low premium
P/C OI
0.50
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Aug 17, 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
Aug 17, 2026 close
SOFI Theta Report
Analysis based on market close May 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 15, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness4 / 10
Sizing: Conservative
Primary: Short put vertical
Invalidation: Spot breaks below 15.0 support
Confidence:
3.5 / 10
base 5; -1 GEX/flow contradict; -1 spot 5.4% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV significantly above VIX (81.9% vs 18.4)
Favorable?
Yes

Term structure: Front-month extreme (0 DTE 234% call, 127% put) likely event-driven; rest contango from 46% to 65%

⚠️High front-month IV suggests event risk; premium selling attractive but cautious due to negative dealer gamma
📌Spot below max pain $16 with put floor $10; pin risk at $16 for weekly expiry
🐻Dealer negative gamma (-$24.4M) amplifies moves; manage positions tightly

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-24.4M)

Gamma flip: ~$15.00 — Approx — based on put OI concentration of 79,664 (3.9% below spot)

OI concentrations: Max pain $16 for 5/15, 5/22, 5/29; put OI concentrated at $10-$10

Verdict: Elevated pin risk at $16 if spot rallies; current spot below pin level

Premium Opportunities

#1
Put credit spread
Sell 2026-06-18 $14.00/$13.00 put spread
Sell $14/$13 put spread to collect premium with bullish bias.
Credit: $0.17-$0.20
Max loss: $0.80
BE: $13.80
Mgmt: Close at 50% max gain or if spot breaks $15.
#2
Iron condor
Sell 2026-06-12 $14.50/$13.50 put wing and $17.00/$18.50 call wing
Sell $14.50/$13.50 put and $17/$18.50 call wings for defined risk.
Credit: $0.41-$0.50
Max loss: $1.00
BE: 14.00 / 17.50
Mgmt: Manage if spot nears either wing; aim for 50% profit.

Risk Alerts

!Negative dealer gamma may cause sharp intraday moves
!High front-month IV due to event (earnings?)
!Spot below max pain, potential pinning at $16
How to Use These Reports
This theta reflects the market close on May 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.