SoFi closed at $14.68, a 2.66% gain, after opening at $14.20 and moving between $14.18 and $14.99 on volume of about 45.1 million shares.
The largest options trades leaned bearish, with two blocks of out-of-the-money calls sold at the $15.00 and $15.50 strikes, both expiring on 2026-10-23. The combined flow signals premium collection against capped upside, as traders sold 1,083 and 1,590 contracts respectively, suggesting limited expectations for a breakout above those levels into October.
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Options Indicators
SoFi currently has an implied volatility of 63.99%, with an IV percentile of 39.84%, which places its volatility in a neutral range rather than an extreme high or low regime. At the same time, the IV/HV ratio of 1.51 indicates implied volatility is running notably above historical volatility, suggesting options are carrying a meaningful premium versus realized movement, even though overall pricing is not at an elevated percentile level.
The Call/Put volume ratio is 3.71.
Large Trades
A call sale worth $21,700.00 was the largest displayed trade, with 1,083 contracts sold at the $15.00 strike expiring on 2026-10-23. With SoFi referenced at $14.68, this call was out of the money at the time, making it a bearish-to-neutral premium-selling position that suggests the trader expects the shares to remain below $15.00 through expiration or at least not rise aggressively enough to threaten the short call. Strategically, this kind of single-leg call sale reflects income collection while expressing limited upside expectations.
Another bearish premium-selling trade appeared in the sale of 1,590 call contracts at the $15.50 strike expiring on 2026-10-23, for $9,500.00. This option was also out of the money versus the $14.68 stock reference, indicating a similar view that upside should stay capped below that level over the very near term. Taken together, the large-trade flow points to a clear bearish near-term tone in SoFi, as both highlighted blocks were outright call sales above the current stock price, signaling traders were more interested in collecting premium against restrained upside than positioning for a breakout.
Strategy Reference
For a low assignment probability pick, the $16.00 call expiring 2026-10-23 sits further out of the money and offers a narrower premium but more cushion; alternatively, a bear call spread such as selling the $15.00 call and buying the $16.00 call can cap margin risk while still monetizing the bearish near-term flow.
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