SoFi closed at $16.76, down 4.83%.
The session featured a standout $73,400 out-of-the-money call purchase, while a much smaller $11,200 put purchase provided the only notable bearish counterflow. Volatility metrics remain subdued, with an IV percentile of just 12.35% and an IV/HV ratio of 0.84, suggesting premiums are relatively cheap as the bulk-order flow leans clearly toward long-term bullish positioning.
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Options Indicators
SoFi’s implied volatility is 53.51%, while its IV percentile stands at 12.35%, indicating that current option volatility is on the low side relative to its own recent history and that options are cheaply priced rather than expensive. With the IV/HV ratio at 0.84, implied volatility is also running below historical volatility, which reinforces the view that current premiums are relatively subdued.
The Call/Put volume ratio is 2.15.
Large Trades
A call purchase worth $73,400 was one of the day’s standout large trades, with 3,413 contracts bought at the $17.50 strike expiring on 2026-11-06. With SOFI referenced at $16.76, this call was out of the money at the time of execution, making it a clearly bullish directional bet that looks for upside beyond the current share price over a longer-dated horizon. The use of calls rather than stock also points to leveraged upside participation, suggesting the buyer was positioning for a meaningful advance while limiting risk to the premium paid.
A put purchase worth $11,200 also appeared among the displayed large trades, with 1,400 contracts bought at the $14.00 strike expiring on 2026-11-20. Given the $16.76 reference price, this put was out of the money, so it reads as a bearish position or downside hedge looking for weakness below the current trading level by expiration. Because it was an outright long put, the strategic meaning is straightforward: the buyer paid premium either to speculate on a decline or to protect against a future drawdown.
Overall, the large-trade flow leans clearly bullish. The dominant premium was concentrated in upside call buying, and the biggest displayed trade was an out-of-the-money long call that reflects willingness to pay for future appreciation rather than defensive positioning. While there was some bearish activity through put buying, it was much smaller and appears secondary relative to the upside exposure being accumulated, so the bulk-order picture points to constructive sentiment on SOFI.
Strategy Reference
For traders wary of posting excessive margin, a call debit spread such as buying the $17.50 call and selling the $22.50 call expiring 2026-11-06 could reduce net premium while still capturing leveraged upside; alternatively, a seller seeking low assignment probability may look at the $12.00 put, which sits far below spot and aligns with the subdued IV environment.
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