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SOFI

SoFi Technologies, Inc.Close $17.92EOD only
Max Pain
$17.50
Next expiry Aug 21, 2026
Expected Move
±$0.41
2.3% from close
Price Gap
-0.42
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.49
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Aug 20, 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 20, 2026 close
SOFI Theta Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 22, 2026. A newer theta report is available for June 26, 2026.

View latest report

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short put credit spreads
Invalidation: SOFI breaks below $15.5 or above $16.5
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.8% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV elevated vs VIX
Favorable?
Yes

Term structure: Very steep near-term contango, flattening after 1 week

📌Max pain pinned at $16 across three expiries
📈Dealer gamma +$87M supports pinning at $16

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+87.0M)

Gamma flip: ~$15.00 — Approx — based on put OI concentration of 75,945 (4.0% below spot)

OI concentrations: Max pain $16 across all nearby expiries; heavy call OI $16-$22

Verdict: High pin risk at $16 due to concentrated OI and positive dealer gamma

Premium Opportunities

#1
Put credit spread
Sell 2026-06-26 $15.00/$14.50 put spread
Sell $15/$14.50 put spread expiring 2026-06-26 to capture elevated IV premium
Credit: $0.17-$0.21
Max loss: $0.29
BE: $14.79
Mgmt: Close at 50% max profit or if SOFI breaches $15.5

Risk Alerts

!High IV may overstate premium decay potential
!Pinning at $16 increases gamma risk on expiry
!Potential gap if spot breaks gamma flip level $15.0
How to Use These Reports
This theta reflects the market close on May 22, 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.