SoFi closed at USD 16.77, up 1.02%.
Large options trades in SoFi showed a clearly bullish institutional tone, highlighted by a single long-dated synthetic long structure with a net debit of USD 249,900. The combined size of the two legs reached USD 814,300, and the trade was built using January 21, 2028 expiration, positioning for a sustained advance rather than a short-term move.
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Options Indicators
SoFi’s implied volatility is 55.69%, while its IV percentile stands at 22.31%, which indicates that although the absolute IV level is not low, it is sitting near the lower end of its own historical range. Combined with an IV/HV ratio of 0.83, this suggests the options market is not demanding an aggressive premium relative to realized volatility, so current option pricing looks relatively cheap and volatility is on the low side rather than elevated.
The Call/Put volume ratio is 3.72.
Large Trades
A synthetic long worth USD 249,900 in net debit was the standout large trade, created by buying 1,700 Jan. 21, 2028 USD 20.00 calls and selling 1,700 Jan. 21, 2028 USD 13.00 puts. This structure functions as a synthetic call option, with the combined size of the two legs reaching USD 814,300. With SoFi referenced at USD 16.77, the long USD 20.00 call was out of the money, while the short USD 13.00 put was also out of the money. Strategically, this is a clearly bullish, longer-dated directional position: the trader is positioning for upside over time while using put premium to partially finance the call purchase, effectively expressing confidence that shares will stay above the lower strike and potentially appreciate meaningfully into 2028.
Overall, the large-trade flow in SoFi was decisively bullish. The only highlighted block was a long-dated synthetic long, which is one of the clearest institutional-style ways to express constructive upside conviction while improving capital efficiency versus an outright call purchase. The use of an out-of-the-money call paired with an out-of-the-money short put suggests the trader is comfortable taking on downside assignment risk in exchange for leveraged upside exposure, reinforcing a view that sentiment in the bulk orders is firmly positive and oriented toward a sustained advance rather than short-term hedging.
Strategy Reference
For traders seeking a lower assignment probability, selling the January 2028 USD 10.00 put offers a wider cushion below the current price and aligns with the bullish flow, though it will generate less premium than the USD 13.00 short put used in the highlighted synthetic long.
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