SOFI Bull Call Spread — 2026-07-17

SOFI (SOFI TECH CMN) shows bullish unusual options activity: $1307K of buyer-initiated unusual call flow (100% call-dominant) detected across near-term expirations, with a peak vol/OI ratio of 0.9x on the 19 call. IV rank is 35 (moderate) — a bull call spread (18.5/19) trims theta/vega bleed versus a naked long. Buy the $18.5 / sell the $19 call bull call spread expiring 2026-07-17 (14 DTE) for a net debit of $0.20 ($20 per spread). Breakeven at $18.70; net delta 0.09.

Underlying: SOFI @ ~$18.24 | 2026-07-17 (14 DTE) | Net debit (entry): ~$20 per spread. Use limit orders at the mid or slightly worse.

MAX LOSS: Limited to the net debit ($20 per spread). Max gain is capped at the strike width minus the debit — a defined-risk, defined-reward trade. | IV RISK: IV rank is 35 — reasonable for a debit spread. | TIMING: 14 DTE — unusual flow is a near-term signal; act promptly or the setup may stale. Close or take profit before expiration week to avoid gamma risk. | SECTOR: SOFI is in Other — avoid concentration with other open Other positions. | EXECUTION: Use limit orders at mid or slightly worse on the spread (don't leg in). Verify the bid-ask before sending; do not chase with market orders. | EVENTS: Check for upcoming earnings, FDA decisions, or macro prints within the trade window that could cause outsized gap risk.