SOFI options strategies, priced on the real chain
$16.31SoFi Technologies, Inc. Common Stock · chain snapshot captured Aug 1, 2026
A low-priced, high-IV name where a single contract controls a small notional — which makes it one of the few liquid underlyings where a small account can actually run a covered-call or wheel program in round lots.
Every page below prices its structure against the August 28, 2026 expiry — 50% at-the-money implied vol, #5 of the 20 underlyings on this site. What moves SOFI: earnings, rate expectations, and student-loan policy headlines.
10 strategies on SOFI
One contract (or one 100-share lot) per structure, at-the-money template strikes on the August 28, 2026expiry. Breakevens and probability of profit come from OptionTracker’s engine.
Start here
- SOFI covered callSell upside on shares you already own and get paid for the cap. · breakeven $15.84 (−2.9%)
- SOFI cash-secured putGet paid to place a limit order below the market. · breakeven $14.98 (−8.2%)
- SOFI iron condorSell a range, buy the wings, collect if the stock stays put. · breakeven $14.38 (−11.8%)
- SOFI bull call spreadBuy a call, sell a higher one — cheaper upside with a ceiling. · breakeven $16.88 (+3.5%)
- SOFI bull put spreadSell a put spread below the market: credit now, defined risk. · breakeven $15.23 (−6.6%)
- SOFI long straddleBuy the call and the put — pay for a move in either direction. · breakeven $14.69 (−9.9%)
Related reading
- The wheel strategy, with real numbersEveryone can recite the four steps. Almost nobody can tell you what a completed cycle returned on the capital it tied up. Here is one, priced off a real chain and folded by the same engine that runs our tracker.
- What a cash-secured put actually paysThe annualized-return column is the one everybody screenshots. It is also the one that tells you least. Here is the whole ladder — return, probability, breakeven, and the loss that takes six winners to repair.
- Covered calls on shares you already ownThe covered-call math you find online divides premium by cost basis. If you bought the stock years ago, that number is a fantasy — and it will talk you into selling a strike you should never have touched.