SOFI Options History — March 2023

In March 2023, SOFI traded between $5.24 and $6.71. ATM implied volatility averaged 63.3%, placing in the 13.9% IV rank vs the trailing year. The 30-day expected move averaged 17.9%. IV traded above realized volatility by 9.4% (HV 20d: 54.0%). Max pain ranged from $6.00 to $6.50. Net GEX was positive for 14 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.75.

Notable Days

2023-03-10: Highest Volume — 479,378 contracts
2023-03-10: Largest IV spike — 30.6% change
2023-03-10: Highest IV Rank — 34.2%
2023-03-15: Largest Expected Move — 21.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.89	$5.24	$6.71	$6.47	$6.04
Max Pain	$6.07	$6.00	$6.50	$6.50	$6.00
ATM IV	63.3%	54.1%	76.4%	56.3%	59.8%
Expected Move	17.9%	15.6%	21.4%	15.9%	15.9%
HV 20d	54.0%	43.1%	61.4%	51.7%	61.4%
HV 60d	56.1%	51.7%	58.3%	53.2%	57.9%
IV Rank	13.9%	0.0%	34.2%	0.0%	8.8%
IV Percentile	15.7%	0.0%	48.0%	0.0%	6.0%
Term Structure	1.3%	-4.8%	7.3%	-0.9%	5.9%
VWIV	63.0%	54.3%	72.9%	55.2%	59.5%
Skew 25d	6.5%	1.8%	11.4%	2.6%	5.0%
Skew 10d	12.8%	-0.0%	22.6%	-0.0%	11.1%
Call IV 25d	61.3%	53.0%	72.9%	54.6%	57.2%
Put IV 25d	67.8%	56.0%	83.5%	57.2%	62.1%
Bid-Ask Spread %	2.41	1.42	3.66	3.14	2.86
Gamma HHI	0.20	0.12	0.30	0.12	0.30
Net GEX	243.1K	-2.3M	3.6M	245.4K	3.6M
Net DEX	-54.0M	-128.8M	3.3M	-91.2M	-108.8M
Net VEX	-1.2M	-1.3M	-1.1M	-1.3M	-1.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.26	1.74	0.90	0.52
Total Volume	121,489	46,448	479,378	46,448	206,368
Total OI	1,402,782.13	1,281,472	1,565,102	1,341,594	1,481,691

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-03-01	$6.47	$6.50	56.3%	15.9%	51.7%	0.0%	55.2%	2.6%	-0.9%	245.4K	-91.2M	-1.3M	0.90	3.14	24,484	21,964	811,051	530,543
2023-03-02	$6.50	$6.50	55.9%	15.8%	43.1%	0.0%	54.8%	5.9%	1.3%	49.6K	-94.1M	-1.3M	0.54	2.86	35,136	18,903	815,756	533,213
2023-03-03	$6.71	$6.50	54.3%	15.6%	44.5%	0.0%	54.3%	2.4%	0.2%	1.2M	-128.8M	-1.2M	0.43	2.41	53,063	22,880	823,102	534,788
2023-03-06	$6.71	$6.00	55.7%	16.2%	44.5%	2.2%	54.8%	2.1%	-0.7%	1.4M	-125.4M	-1.3M	0.34	1.98	56,878	19,457	782,093	499,379
2023-03-07	$6.53	$6.00	54.3%	16.0%	45.2%	0.0%	56.6%	3.5%	-0.1%	912.2K	-101.1M	-1.2M	1.01	1.42	40,061	40,605	798,183	504,439
2023-03-08	$6.51	$6.00	54.1%	16.1%	45.2%	0.0%	55.0%	4.1%	0.6%	968.9K	-103.7M	-1.2M	0.82	1.86	30,585	25,125	806,450	498,563
2023-03-09	$6.12	$6.00	58.5%	16.5%	49.3%	6.7%	57.6%	1.8%	0.3%	-153.5K	-53.6M	-1.2M	0.79	1.98	58,031	45,965	815,552	505,213
2023-03-10	$5.51	$6.00	76.4%	20.1%	58.5%	34.2%	72.9%	10.6%	-2.9%	-625.3K	3.3M	-1.1M	1.74	2.39	174,968	304,410	820,216	513,956
2023-03-13	$5.53	$6.00	74.0%	19.8%	58.7%	30.6%	72.5%	7.1%	-4.8%	-778.3K	-5.2M	-1.2M	0.73	2.22	124,732	91,206	822,860	603,077
2023-03-14	$5.50	$6.00	72.0%	20.8%	58.7%	27.5%	71.5%	11.4%	0.6%	-617.5K	-5.7M	-1.2M	1.54	2.39	59,767	92,095	871,705	630,951
2023-03-15	$5.41	$6.00	72.9%	21.4%	58.6%	28.9%	72.8%	10.3%	1.8%	-741.0K	2.5M	-1.2M	0.83	2.96	52,479	43,468	879,500	646,674
2023-03-16	$5.47	$6.00	68.4%	20.0%	52.2%	22.0%	67.1%	10.3%	1.9%	-675.4K	-5.5M	-1.2M	0.64	1.82	47,837	30,655	892,388	653,508
2023-03-17	$5.51	$6.00	67.3%	18.7%	52.1%	20.3%	70.0%	10.6%	-3.0%	-2.3M	-10.1M	-1.2M	0.56	2.18	59,205	33,093	906,459	658,643
2023-03-20	$5.24	$6.00	68.5%	19.6%	51.1%	22.1%	66.7%	5.6%	3.1%	-420.6K	46.4K	-1.1M	0.92	2.12	62,159	57,344	784,471	532,715
2023-03-21	$5.58	$6.00	63.1%	18.1%	57.4%	13.8%	66.9%	8.3%	1.4%	480.7K	-41.4M	-1.2M	0.71	2.11	61,076	43,442	803,647	533,855
2023-03-22	$5.61	$6.00	64.5%	18.5%	57.4%	15.9%	64.6%	5.2%	1.1%	615.7K	-47.6M	-1.2M	0.42	3.66	155,850	64,999	827,299	555,059
2023-03-23	$5.78	$6.00	65.3%	18.7%	58.7%	17.1%	67.7%	9.2%	0.0%	1.6M	-65.7M	-1.2M	0.64	2.61	63,323	40,451	860,966	576,293
2023-03-24	$5.75	$6.00	67.0%	19.2%	58.1%	19.7%	70.5%	7.4%	0.1%	142.0K	-64.1M	-1.2M	1.63	2.41	47,885	77,910	859,027	583,657
2023-03-27	$5.80	$6.00	62.9%	17.5%	58.0%	13.6%	62.6%	8.1%	3.4%	427.8K	-57.1M	-1.2M	0.53	2.43	45,651	24,249	802,272	575,287
2023-03-28	$5.58	$6.00	63.1%	17.5%	57.8%	13.8%	60.7%	6.2%	5.5%	-532.9K	-27.4M	-1.2M	0.36	2.13	59,858	21,548	822,701	593,229
2023-03-29	$5.78	$6.00	60.2%	16.4%	59.5%	9.3%	57.7%	5.6%	7.3%	446.3K	-56.4M	-1.2M	0.26	2.74	67,150	17,350	848,539	601,948
2023-03-30	$5.74	$6.00	62.1%	16.9%	59.4%	12.3%	57.0%	6.2%	7.2%	388.2K	-54.5M	-1.2M	0.30	2.76	54,324	16,258	865,417	597,654
2023-03-31	$6.04	$6.00	59.8%	15.9%	61.4%	8.8%	59.5%	5.0%	5.9%	3.6M	-108.8M	-1.3M	0.52	2.86	136,136	70,232	877,824	603,867