SoFi closed at 17.61 USD, up 2.74%.
SoFi’s largest options trades on the day leaned bearish, dominated by heavy call selling at the $20.00 strike expiring in late 2026. A smaller put sale near $17.00 offered a modest supportive signal, but did not offset the overarching premium-collecting flow. With implied volatility cheap relative to its own history, the large-trade activity suggests traders are using inexpensive options to harvest premium while expecting limited upside through 2026.
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Options Indicators
SoFi’s implied volatility is 48.95%, while its IV percentile stands at just 3.19%, indicating that current 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 0.77, implied volatility is also running below historical volatility, reinforcing the view that current option premiums look relatively inexpensive.
The Call/Put volume ratio is 3.18.
Large Trades
A call sale worth $38,100 was one of the day’s largest displayed trades, with 1,031 contracts sold at the $20.00 strike expiring on December 18, 2026. With SoFi referenced at $17.61, this call was out of the money at the time of the trade, making it a bearish-to-neutral income-oriented position. The seller is effectively expressing the view that upside beyond $20.00 may be limited over the life of the option, or is willing to cap gains at that level in exchange for premium collection, which leans bearish in the context of large-trade flow.
A put sale worth $8,600 was the other displayed large trade, covering 1,436 contracts at the $17.00 strike expiring on October 30, 2026. Given the reference price of $17.61, this put was slightly out of the money, indicating a moderately bullish stance. Selling this put suggests the trader is comfortable with SoFi holding above $17.00 into expiration, while collecting premium and potentially signaling willingness to accumulate shares near that strike if assigned.
Overall, the large-trade flow points to a bearish bias in SoFi. The dominant feature was call selling, including the largest displayed trade and the broader full-order flow, which suggests traders were more focused on fading upside or harvesting premium against a capped rally than positioning for a strong advance. Although the out-of-the-money put sale adds a constructive element by implying support near $17.00, it was notably smaller and did not offset the heavier bearish pressure embedded in the call-selling activity.
Strategy Reference
For sellers seeking a low assignment probability, the $20.00 call expiring in late 2026 remains a reasonable OTM strike to sell, while a less margin-intensive alternative would be a bear call spread such as selling the $20.00 call and buying the $22.50 call in the same expiration.
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