SoFi Technologies Inc. ended the session at USD 18.25, representing a 2.41% decline from the previous close.
The nascent tape revealed a battle between call sellers capping upside and put sellers signaling a floor, with a $0.20 million call sale dominating the large trades and a $0.08 million put sale adding a bullish tint. Overall, the order flow skewed slightly constructive despite heavy overhead skepticism.
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Options Indicators
SOFI’s implied volatility is 56.26%, while its IV percentile stands at just 6.37%, indicating that although the absolute IV level is moderate, it sits near the low end of its own historical range. In other words, current option pricing is relatively cheap and volatility is on the low side versus where SOFI options have typically traded, with the IV/HV ratio of 0.81 also suggesting implied volatility is running below recent realized volatility. The Call/Put volume ratio is 2.36.
Large Trades
A CALL sale worth $0.20 million was the largest displayed block, with 1,068 contracts sold at the $20.00 strike expiring on 2026-11-20. With SOFI referenced at $18.25, this call was out-of-the-money at execution, making it a bearish-to-capped-upside position that typically reflects a view that the stock is unlikely to rise decisively above $20.00 by expiration. Strategically, selling an out-of-the-money call collects premium income while expressing skepticism about near-to-medium term upside, but it also leaves the seller exposed if SOFI rallies sharply through the strike.
A PUT sale worth $0.08 million was the other displayed large trade, consisting of 1,311 contracts sold at the $18.00 strike expiring on 2026-08-28. With the stock at $18.25, the put was slightly out-of-the-money, so this was a moderately bullish trade structure that benefits if shares stay above $18.00 and the option expires worthless. The strategic meaning is consistent with premium collection and willingness to be synthetically long near current levels, since short puts are often used either to generate income on a stable-to-bullish view or to position for potential share assignment at an effective entry level below the market.
Overall sentiment across all large trades was essentially balanced but leaned slightly bullish. The order flow showed a meaningful mix of upside call buying and call selling, indicating that some participants were still positioning for higher prices while others were actively monetizing or fading upside. The slight bullish edge came from supportive premium committed to bullish structures, including call purchases and the out-of-the-money put sale, suggesting that despite notable overhead skepticism from call writers, the broader large-trade flow still points to a cautiously constructive outlook rather than a clearly bearish one.
Strategy Reference
Given the low IV percentile, selling premium offers limited reward relative to historical norms; consider a bull put spread, such as selling the $18.00 put and buying the $15.00 put for the August 2026 expiration, to define risk and reduce margin while still aligning with the constructive put-sale signal.