SOFI's low share price and high retail interest create excellent options liquidity. The stock's banking charter and student loan exposure add unique catalysts.

SOFI Options Characteristics

Avg Daily Volume

300K+ contracts

Typical Spread

$0.01-0.02

Typical IV Rank

35-60%

Expirations

Weekly, Monthly, Quarterly, LEAPS

Price Range

$8-15

Correlation

Moderate correlation with fintech and growth stocks

Best Strategies for SOFI

Covered Calls

Very low capital requirement

Wheel Strategy

Perfect for small accounts under $5K

Bull Call Spreads

Cheap directional play on fintech growth

Iron Condors

Rich premium from elevated IV

LEAPS Calls

Long-term digital banking thesis

Digital Banking Disruptor

SOFI options are among the most affordable in the market — 100 shares cost under $1,500. Combined with penny spreads and high volume, it's ideal for small accounts learning options.

SOFI Options FAQ

Is SoFi good for beginner options traders?

Very good. SOFI's low price ($8-15) means 100 shares cost under $1,500 for covered calls. Penny spreads and 300K+ daily volume ensure excellent execution. It's one of the most accessible stocks for learning options.

What drives SoFi options volatility?

Member growth, banking metrics (deposits, lending), student loan policy changes, and fintech competition. Earnings typically move the stock 8-15%. IV rank stays elevated (35-60%) due to growth stock dynamics.