SOFI Options History — May 2023

In May 2023, SOFI traded between $4.75 and $6.92. ATM implied volatility averaged 60.1%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded below realized volatility by 17.9% (HV 20d: 78.0%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.46.

Notable Days

2023-05-31: Highest Volume — 759,465 contracts
2023-05-31: Largest IV spike — 14.1% change
2023-05-31: Highest IV Rank — 34.0%
2023-05-31: Largest Expected Move — 23.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.26	$4.75	$6.92	$5.50	$6.92
Max Pain	$5.27	$5.00	$6.00	$6.00	$5.00
ATM IV	60.1%	55.7%	72.6%	56.8%	72.6%
Expected Move	17.5%	16.2%	23.9%	17.1%	23.9%
HV 20d	78.0%	58.0%	86.6%	58.0%	80.8%
HV 60d	61.3%	54.2%	72.4%	54.2%	72.4%
IV Rank	10.3%	2.9%	34.0%	4.1%	34.0%
IV Percentile	10.3%	1.2%	54.0%	2.8%	54.0%
Term Structure	0.1%	-4.4%	4.0%	-1.1%	-4.4%
VWIV	62.6%	57.1%	86.3%	63.7%	86.3%
Skew 25d	3.0%	-3.8%	7.9%	-1.6%	-3.8%
Skew 10d	6.1%	-6.0%	12.3%	-3.6%	-6.0%
Call IV 25d	60.7%	55.8%	76.4%	59.7%	76.4%
Put IV 25d	63.7%	58.1%	74.1%	58.1%	72.6%
Bid-Ask Spread %	2.76	2.10	8.93	2.65	2.57
Gamma HHI	0.23	0.14	0.41	0.21	0.14
Net GEX	474.5K	-2.0M	4.4M	-93.6K	4.4M
Net DEX	-56.5M	-351.4M	39.5M	-28.3M	-351.4M
Net VEX	-1.3M	-1.7M	-1.0M	-1.1M	-1.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.46	0.15	1.14	0.34	0.26
Total Volume	205,080.727	43,173	759,465	454,414	759,465
Total OI	1,665,658.5	1,421,110	1,866,443	1,421,110	1,574,548

Daily Data (22 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
2023-05-01	$5.50	$6.00	56.8%	17.1%	58.0%	4.1%	63.7%	-1.6%	-1.1%	-93.6K	-28.3M	-1.1M	0.34	2.65	339,744	114,670	895,934	525,176
2023-05-02	$4.91	$6.00	62.1%	18.3%	69.7%	12.3%	67.4%	-1.9%	1.0%	-884.3K	39.5M	-1.0M	0.59	2.89	294,987	173,962	1,008,605	566,060
2023-05-03	$4.87	$5.00	62.4%	18.1%	69.5%	12.8%	65.0%	-0.7%	0.6%	-680.9K	36.9M	-1.1M	0.27	2.29	153,663	40,944	1,109,402	642,261
2023-05-04	$4.86	$6.00	67.6%	18.6%	69.4%	20.7%	66.8%	4.5%	0.4%	-312.7K	33.2M	-1.1M	0.69	3.00	138,230	95,214	1,146,830	644,885
2023-05-05	$5.14	$5.00	61.3%	17.3%	72.9%	11.1%	61.2%	4.3%	1.2%	300	-25.9M	-1.2M	0.34	2.52	120,981	41,302	1,195,695	670,748
2023-05-08	$5.45	$5.50	59.3%	16.5%	75.8%	7.9%	59.6%	5.9%	-2.3%	1.0M	-76.2M	-1.3M	0.28	2.68	106,372	29,880	1,038,998	604,045
2023-05-09	$5.42	$5.50	58.1%	16.5%	75.7%	6.1%	59.6%	3.6%	-0.2%	1.0M	-71.3M	-1.3M	0.42	2.26	54,477	23,153	1,046,697	611,359
2023-05-10	$5.49	$5.50	57.5%	16.2%	75.7%	5.2%	59.9%	6.3%	-1.4%	1.3M	-80.6M	-1.2M	0.69	2.31	52,678	36,310	1,055,845	618,141
2023-05-11	$5.14	$5.50	60.1%	16.9%	78.8%	9.1%	59.7%	2.5%	-1.0%	-728.2K	-21.1M	-1.2M	0.49	2.73	78,304	38,604	1,063,126	625,893
2023-05-12	$5.01	$5.50	58.5%	16.9%	78.9%	8.0%	59.9%	4.9%	0.7%	-2.0M	-624.4K	-1.2M	0.65	2.42	104,450	67,544	1,083,441	632,841
2023-05-15	$4.75	$5.50	63.4%	18.0%	80.2%	16.9%	61.8%	5.2%	1.4%	-1.3M	29.2M	-1.1M	0.56	2.50	213,973	119,414	1,046,887	594,949
2023-05-16	$4.76	$5.00	59.2%	16.9%	80.2%	9.3%	60.2%	3.2%	4.0%	-1.0M	21.5M	-1.2M	0.35	2.27	80,227	28,403	1,124,722	651,035
2023-05-17	$4.96	$5.00	57.0%	16.3%	81.7%	5.3%	58.5%	3.7%	1.6%	-716.4K	-14.6M	-1.3M	0.30	2.41	117,161	34,744	1,154,572	660,799
2023-05-18	$5.08	$5.00	57.6%	16.4%	82.2%	6.4%	57.6%	6.7%	2.1%	-482.1K	-52.9M	-1.3M	0.69	2.13	88,577	60,794	1,178,948	659,360
2023-05-19	$4.94	$5.00	57.3%	16.4%	82.3%	5.9%	59.2%	0.4%	0.1%	602.9K	-10.9M	-1.2M	0.55	2.12	67,406	36,890	1,186,558	624,349
2023-05-22	$5.28	$5.00	55.7%	16.2%	86.5%	2.9%	57.1%	5.2%	-0.5%	1.3M	-88.7M	-1.3M	0.30	2.10	115,060	34,441	994,550	512,799
2023-05-23	$5.29	$5.00	57.6%	17.1%	86.6%	6.5%	60.3%	4.2%	0.6%	1.9M	-96.4M	-1.3M	1.14	2.79	86,347	98,578	1,028,414	519,358
2023-05-24	$5.29	$5.00	57.9%	17.4%	86.4%	6.9%	61.8%	7.9%	0.5%	954.3K	-81.9M	-1.3M	0.28	2.24	33,722	9,451	1,043,326	602,468
2023-05-25	$5.21	$5.00	60.6%	17.6%	82.0%	11.9%	61.5%	4.5%	0.1%	1.8M	-88.5M	-1.3M	0.50	2.23	30,598	15,322	1,062,204	525,092
2023-05-26	$5.39	$5.00	57.2%	16.6%	82.5%	5.6%	59.7%	1.6%	1.2%	1.5M	-115.3M	-1.4M	0.35	2.67	62,907	22,068	1,074,603	535,897
2023-05-30	$6.03	$5.00	63.6%	19.5%	80.3%	17.5%	69.8%	0.2%	-1.5%	3.0M	-199.3M	-1.5M	0.15	8.93	252,463	38,296	999,493	503,574
2023-05-31	$6.92	$5.00	72.6%	23.9%	80.8%	34.0%	86.3%	-3.8%	-4.4%	4.4M	-351.4M	-1.7M	0.26	2.57	602,322	157,143	1,058,326	516,222